Tuesday, September 01, 2020 1:28:26 PM
A chance I have to take. I can't sell before OCT 1st due to numerous considerations. One being I don't want to owe the state estimated taxes until the last quarter.
If they break up I still own the stock. Another win in my opinion even if a temp drop in price.
I saw someone say you have to own the stock in Dec to get a long term capital gain.
From my research I believe the rule sates you only need to own the stock over one year and not have to sell it on a specific month to qualify as a long term gain.
My CPA didn't argue I didn't have a long term capital gain and I hope to sell or close or what ever after Oct 1st.
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