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Financial Planning / Tax Strategies


Subject:  Re: Selling stock at huge loss, tax implications Date:  12/24/2008  12:59 AM
Author:  ptheland Number:  103150 of 127614

Suppose you put in a limit order to sell, good until cancelled during market hours on 12/31/08 and the order does not execute on 12/31, but, does execute on 1/2/09?

Then the trade date is 1/2/09 and you report the sale on your 2009 tax return.

The order date is immaterial. The settlement date doesn't matter. It's the trade date that controls when you report the transaction.

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