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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (17612)	12/28/2000 8:28:17 AM
From: Vendit™	Read Replies (2) \| Respond to of 19374

I deferred your question to Dave. Message 15090455

To: DOUG H who wrote (17612)	12/28/2000 9:53:43 AM
From: Guardian	Read Replies (1) \| Respond to of 19374

doug: first would suggest you ask disu on tidbits thread as she has done much more on taxes. i use mark-to-market acctng so no longer concerned with selling/tax issues as i use inventory approach and am taxed on realized and unrealized net gains/losses at year-end. If i am correct, trade date is used for taxes, although brokerages vary. key is reconciliation with 1099. in 99, i had several late dec sales and purchases not reported because of date they closed their books for 1099 prep. selling pressure this year will imo abate after 1/1/01. last year was a different animal as we all know, with large cap gains for 99 partly deferred to 2000 by many. with losses this year, that pattern may not repeat. sorry could not be of more help, but on reg acctng methods, others will have more expertise. dave