The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Selling stock at huge loss, tax implications||Date: 12/24/2008 2:53 AM|
|Author: foo1bar||Number: 103151 of 121164|
The order date is immaterial.
I agree - there is a reason it is called "good until cancelled".
You can cancel it -and there would be no trade.
If on 12/31/08 at 11:59PM you could cancel the order, and have no trade happen, then it really didn't sell in 2008, did it?
Same thing applies if you're calculating if it's short or long term - it's the trade execution dates that matter.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|