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To: Richard James who wrote (1054)12/12/1999 8:47:00 AM
From: William S Padgett  Respond to of 3770
 
I've looked into this in the past and it is the trade date that is to be used. Your actual buying or selling of the stock occurs on the trade date. I'm sure we have all experienced that terrible feeling of wishing the settlement date was actually used to settle the books since the price was so much more favorable 3 days later.

I use Quicken that puts in the settlement date for downloaded transactions so you have to be careful at the beginning and end of year that you don't mess with your capital gains figures by accidently using settlement date.

Trade date is the official date for tax purposes.