The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Transaction vs. Settlement Date Date:  12/10/1999  3:24 AM
Author:  heyjb Number:  22769 of 127617

A dumb question from a novice investor: What date does the IRS use in calculating how long you've held something and/or what year the transactions took place? For example, I bought and sold some stocks on 12/29/98. Those transactions didn't settle until 1/4/99. So how does it work?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us