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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: dejavu who wrote (52238)12/28/1999 1:51:00 PM
From: Harry_Behemoth  Respond to of 108040
 
Right. According to the IRS instructions it is the trade date that matters, not the settlement date.



To: dejavu who wrote (52238)12/28/1999 1:57:00 PM
From: vagabond  Respond to of 108040
 
CNBC just confirmed also that the TRADING DATE is what counts for taking tax-losses, so Friday is the last day to sell for that purpose. In fact, Bill Griffeth admitted that he'd made a mistake when he'd said last week that it was the settlement date instead. Also, the tax-form itself actually SAYS to use the trade-date (thanks to you-know-who-you-are for that info). So I guess that "settles" the issue... :-)

Vagabond


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