I read on the site here about selling stock to a friend to take a loss. My question is with the dates. I filled out a transfer form for two stocks and recieved a check from my friend on 12/27/01. I sent the forms in and my brokerage received them on 1/2/02. The deposit for the check was also on 1/2/02. The brokerage returned them to me and asked to have them notarized so the transfer still has not taken place. Is this going to be deductible in 2001 or 2002? The date of the agreement is 12/27/01 but the actual transaction will be well within 2002. Thanks in advance! The usual end of year treatment-the trade date, not the settlement date, only applies to broker trades. In private trades, the sale date is delivery of the shares. As the shares are held by the broker in street name, the delivery occurs when the shares are transfered to the buyer's account, or the shres are trnsfered by the stock's transfer agent. So the trade will take place in 2002.
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