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: mike RN who wrote (1656)12/28/1998 9:32:00 PM
From: NASDBULL  Read Replies (2) | Respond to of 5810
 
QUESTION to ANYONE!!! thanks.....

Can someone explain the realization of profits for the last three days of the year. How does the transaction date and the settlement date affect the realization of a short term capital gain?

I sold for some huge gains today, will that transaction settle in 1998?

Also, if I sell some gains tomorrow, will that settle in 1999(i think so), but will I have to pay tax on those gains in the 1999 tax year or for this year?

Thanks,

NASDBULL



To: mike RN who wrote (1656)12/28/1998 9:58:00 PM
From: VincentTH  Respond to of 5810
 
Thanks Mike. I think so too. I went ahead and do the arbitrage move anyway, regardless of the tax consequences, because that's still a 20% gain. I'll find out about the tax stuffs later.

//Vincent.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News