The Tax Questions Blog

Question: For tax harvesting with US Stocks, is the date of the taxable event the trade date or the settlement date?

For instance, for this year, to realize a gain or loss, can I sell/buy on the last trading day of the year, December 29th, or would I need to trade on the 26th (T+3)?

Answer: No it is not cash basis accounting. A trade date must be by the last business day of the year for a gain or loss to be recognized.

Estate tax: Try again in 2010

Lawmakers will start 2010 with a hefty to-do list thanks to a lot of unfinished tax business they left on the table in 2009. The chief example: the estate tax.

Related posts

• Currency Trading Taxable
• Money Market Taxable
• Taxable Wealth
• Taxable Stock Options
• Taxable Software
• Taxable Portfolio
• Taxable Municipal Bonds