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Does anybody know the December deadline date for taking tax profit and/or losses on the sale of stocks? I'm refering to the final day on which, for tax purposes, profits or losses can be taken for the year. Micheal O'Higgins refers to this date in Beating The Dow-Advanced Method... Year-End Tax Loss Victims and the January Effect.
Thanks, GT
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<< Does anybody know the December deadline date for taking tax profit and/or losses on the sale of
stocks?>>

I DO!!! I DO!!! I DO!!! I DO!!! (as I wave my arm wildly around for your attention)

<< I'm refering to the final day on which, for tax purposes, profits or losses can be taken for
the year.>>

That would be December 31, 1997...the last trading day in the year. Remember that when dealing with stocks, the TRADE date controls. The settlement date (which takes place three days after the trade date) is meaningless for tax purposes. So 12/31 is your key date.

TMF Taxes
Roy
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<< Does anybody know the December deadline date for taking tax profit and/or losses on the sale of
stocks?>>

I DO!!! I DO!!! I DO!!! I DO!!! (as I wave my arm wildly around for your attention)

<< I'm refering to the final day on which, for tax purposes, profits or losses can be taken for
the year.>>

That would be December 31, 1997...the last trading day in the year. Remember that when dealing with stocks, the TRADE date controls. The settlement date (which takes place three days after the trade date) is meaningless for tax purposes. So 12/31 is your key date.

TMF Taxes
Roy
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