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#7
07-23-2004, 01:41 PM
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 Re: Stock transactions: Track trade date, or settlement date? "Rich Carreiro" <rlcarr[at]animato.arlington.ma.us> wrote: - quote - > "David Woods, EA, ChFC, CLU" <dwoods[at]woods-financial.com> writes:
We were discussing LONG trades.......> > Trade date. Always. > Not always. When covering a short, settlement > date can control. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
07-21-2004, 03:06 AM
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| Re: Stock transactions: Track trade date, or settlement date? "David Woods, EA, ChFC, CLU" <dwoods[at]woods-financial.com> writes: - quote - > Trade date. Always.
Not always. When covering a short, settlementdate can control. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
07-13-2004, 11:45 PM
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| Re: Stock transactions: Track trade date, or settlement date? - quote - > should I
Trade date.> use the trade date or the settlement date? Kate, EA in PA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
07-13-2004, 11:26 PM
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| Re: Stock transactions: Track trade date, or settlement date? Mark3324 <mark3324[at]nospam.com> wrote: - quote - > In my Ameritrade account, the difference is sometimes five
Use trade date unless you are engaged in short selling.> days, if you count the days at both ends. So, if I'm > tracking transactions in my accounting software, should I > use the trade date or the settlement date? > In most cases it won't make a difference, but should I ever > buy or sell something in the late few days of December and > settle in January, it will, or, for a sell transaction > that's on the edge of a short-term versus long-term hold. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
07-13-2004, 11:07 PM
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| Re: Stock transactions: Track trade date, or settlement date? "Mark3324" <mark3324[at]nospam.com> wrote: - quote - > In my Ameritrade account, the difference is sometimes five
Trade date. Always.> days, if you count the days at both ends. So, if I'm > tracking transactions in my accounting software, should I > use the trade date or the settlement date? > In most cases it won't make a difference, but should I ever > buy or sell something in the late few days of December and > settle in January, it will, or, for a sell transaction > that's on the edge of a short-term versus long-term hold. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
07-13-2004, 10:48 PM
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| Re: Stock transactions: Track trade date, or settlement date? mark3324[at]nospam.com (Mark3324) posted: - quote - > In my Ameritrade account, the difference is
The standard practice is to use the trade date. Legally,> sometimes five days, if you count the days at > both ends. So, if I'm tracking transactions in > my accounting software, should I use the > trade date or the settlement date? > In most cases it won't make a difference, but > should I ever buy or sell something in the late > few days of December and settle in January, it > will, or, for a sell transaction that's on the edge > of a short-term versus long-term hold. when you have "BOT" or "SOLD" any holding, the action is *final* on the trade date. Among traders, the actual exchange of money and stock shares is sort of a technicality. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
07-13-2004, 10:10 PM
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| Re: Stock transactions: Track trade date, or settlement date? - quote - > In my Ameritrade account, the difference is sometimes five
You always use the trade date.> days, if you count the days at both ends. So, if I'm > tracking transactions in my accounting software, should I > use the trade date or the settlement date? Ira Smilovitz << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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07-13-2004, 10:09 PM
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| Re: Stock transactions: Track trade date, or settlement date? Mark3324 <mark3324[at]nospam.com> writes: - quote - > In my Ameritrade account, the difference is sometimes five
You use trade date (and so says the law -- this isn't> days, if you count the days at both ends. So, if I'm > tracking transactions in my accounting software, should I > use the trade date or the settlement date? something you have a choice about). However, when covering a short sale at a loss, you use *settlement* date: Different Rule for Short Sales If you're closing a short sale, any loss you have on the closing transaction is treated as if it occurs on the settlement date, not the trade date. That's because delivery is generally the event that closes a short sale. If you need to report a loss from a short sale in 2003, be sure to act early enough so the transaction settles by December 31. [http://www.fairmark.com/capgain/lastday.htm] -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
07-09-2004, 05:39 PM
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| Stock transactions: Track trade date, or settlement date? In my Ameritrade account, the difference is sometimes five days, if you count the days at both ends. So, if I'm tracking transactions in my accounting software, should I use the trade date or the settlement date? In most cases it won't make a difference, but should I ever buy or sell something in the late few days of December and settle in January, it will, or, for a sell transaction that's on the edge of a short-term versus long-term hold. Thanks. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| date, settlement, stock, track, trade, transactions |
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