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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (2932)12/20/1998 7:43:00 PM
From: Investor2  Read Replies (1) | Respond to of 3696
 
RE: "So... Does tax loss selling end 3 days before the year ends? When is the last day you can sell your losers and book a tax loss for 1998? I was once told it is the settlement date that matters so the last tax loss selling day day is Dec. 28th or 29th... True?"

I don't know the answer to that one, but I bet Pete from Stamford, CT or Colin Cody does.

Message 6908766

Best wishes,

I2




To: Kirk © who wrote (2932)12/23/1998 10:43:00 AM
From: MrGreenJeans  Read Replies (2) | Respond to of 3696
 
Kirk-Tax Selling

So... Does tax loss selling end 3 days before the year ends? When is the last day you can sell your losers and book a tax loss for 1998?

The last date you can sell and book a tax loss for 1998 is December 31st. My understanding is your sell order has to be in before the end of the year and the settlement date three days later does not matter.

Please keep in mind I am just a farmer who has a moose for a best friend and not a tax professional.



To: Kirk © who wrote (2932)12/23/1998 8:00:00 PM
From: Boca_PETE  Read Replies (1) | Respond to of 3696
 
RE: Tax Loss Selling:

The "TRADE DATE" determines when Capital Gains (Losses) are recognized for tax purposes. Thus, tax loss sales can occur right up through the last trading day of the year. I know first hand as I've taken a tax loss on my formerly held UTEK and STII shares.

P