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Re: Bbbccc post# 63160

Friday, 12/27/2019 9:36:46 AM

Friday, December 27, 2019 9:36:46 AM

Post# of 73456
T+2 Example

An amateur stock trader, Bea Sharpe, decides to sell her 500 shares of Amalgamated Widget this tax year for a loss, in order to offset her trading profits. The last trading day of the year is Thursday, Dec. 31, and Bea enters a sell order that executes on that day, which is the trade date. Since Jan. 1 is a holiday and Jan. 2 and 3 are on the weekend, T+2 occurs on Jan. 5, which is the settlement date. Bea reports the loss as of December, and it saves her taxes by reducing her total taxable profit for the year.

https://finance.zacks.com/stock-sale-reportable-based-trade-date-settlement-date-9690.html

Being led around by people who tell you what you want to hear, is not only dangerous, it's not much of a trading strategy.

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