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#1
01-04-2006, 05:12 AM
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 Re: Sold Stock - What year to claim loss - quote - > On 28-Dec-05 I sold some Avaya stock at a loss. The settlement
You report it for 2005. It's the trade date that counts,> date is 3-Jan-06. Can I claim this sell and loss for Tax Year > 2005? Or do I have to wait for TY 2006? not the settlement date. The broker will send you a 1099-B showing the sale on Dec. 28. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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01-04-2006, 04:34 AM
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| Re: Sold Stock - What year to claim loss "Dennis G. Rears" <drears[at]runningpagespam.org.lga.highwinds-media.com> wrote: - quote - > On 28-Dec-05 I sold some Avaya stock at a loss. The settlement
You use the trade date, not the settlement date.> date is 3-Jan-06. Can I claim this sell and loss for Tax Year > 2005? Or do I have to wait for TY 2006? -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA *** PLEASE don't copy me on replies, I'll read them in the group *** << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
01-04-2006, 03:04 AM
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| Sold Stock - What year to claim loss On 28-Dec-05 I sold some Avaya stock at a loss. The settlement date is 3-Jan-06. Can I claim this sell and loss for Tax Year 2005? Or do I have to wait for TY 2006? dennis << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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| claim, loss, sold, stock, year |
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