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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 127613

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.
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