Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: rsyfool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Dates for calculating Capital Gains Date: 10/15/2000 9:43 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I would really appreciate if experts on this board could help me with this basic question. While calculating Capital Gains do you take into consideration the dates you actually traded (bought and sold)the stocks or the settlement dates for these trades? the settlement date at my brokerage is 3 days out form the trade date. The question arose because I use Microsoft Money to calculate the Capital Gains by entering the Trade dates as I go along-but the Statement from my Brokerage show the Settlement Date as the dates for my buying and selling the stocks. In the end it does not change the time interval I hold the stocks for- but for reporting to the IRS which dates should be put on schedule D?

The other problem I have faced is that if I trade(buy) on a Friday, the settlement date is 5 days out because of the weekend. For the long term Cap Gains if I hold the stock for 1 year and 1 day and sell it(trade) on a weekday,where the settlement date is 3 days out, then the time period for this particular stock may not be 1 year 1 day if settlement dates are taken into account.Can somebody enlighten me on this please.

Thanks in advance

rsyfool
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Berkshire Hathaway

Is the Market Overvalued?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement