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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (903)12/24/1998 10:19:00 AM
From: Dr. Edwards  Read Replies (2) | Respond to of 3187
 
The IRS says (publication 550, page 65):
"For securities traded on an established securities market, your holding period begins the day after the trading date you bought the securities, and ends on the trading date you sold them. Ignore the settlement dates for tax purposes."

I interpret this to mean that you can sell securities on Dec. 31 and still count that as a 1998 transaction--in fact, you have no option but to count it in this year's taxable transactions.



To: Michael who wrote (903)12/25/1998 8:33:00 AM
From: dogman  Read Replies (1) | Respond to of 3187
 
I sell losers every year on the last trading day (12-31-xx) and have never had a problem? are you sure of your info? I read on other threads it's ok to sell on last day of year.


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