SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: RocketMan who wrote (1647)12/27/1998 12:47:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
Your example would increase the tax basis of those shares (sorry I misunderstood the first time I read it) and would also reset the long-term acquisition date. Most people would NOT want to reset the acquisition date, making the position taxable as a short-term gain for the next 12 months, rather than being long-term sooner than that.

Colin


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News