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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (2021)3/20/1999 6:14:00 PM
From: Sonki  Read Replies (1) | Respond to of 5810
 
tom, i was told that if the trades are opened/closed in the same year you can just the switch dates on buy/sales. so that buy comes in before sales and this does not chage your tax return in anyway.

i m not a cpa and not qualifed to give advise. but Fwiw.
------------------ my question is this ----------
this year i plan to move to florida. how many months do i have to live in florida to qualify for florida state tax? vs calif state tax?
as an eg:
will the sale of stock made feb-march go in calif tax if i
live florida from may-decemeber? (these are all long term holdings)

---------------------------------------------------------



To: Tom Hua who wrote (2021)3/20/1999 7:42:00 PM
From: Colin Cody  Respond to of 5810
 
If you have so many of them, how about "cheating" and telling Quicken you purchased them back with a 1998 date, rather than a 1999 date?

Quicken would be "happy" then, right?

You can work with this idea to avoid any short-term/long-term issues with the program.

Colin