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To: dubyaismypresident
Today was the last day of the year to sell your losers and get the tax benefit this year.

Wrong, tax code specifies that for stock and bonds, the trade date is the date to be put down on the Schedule D. See IRS instructions.

126 posted on 12/27/2005 6:51:02 PM PST by GregoryFul
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To: GregoryFul

I think that many years ago the IRS required year-end losses to be reported as of the settlement date, which might be January __, but gains on the trade date.


129 posted on 12/28/2005 6:22:27 AM PST by pleikumud
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