Is tax loss selling limited to the day a stock is sold?...........or do you have to factor in the 3 day settlement. I never have losses so it is not an issue for me..................:)...but to help otheres
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My understanding is that you must be settled by the end of the year to count and in the case of people in the US you have to wait x days to buy back in so that it is not considered a wash trade. You should however talk to a professional on this as I am a Canadain and there might be other rules that I am not familure with. So to recap if that was the case and it took the standard 3 days to settle you would need to sell by end of day tomorrow (its a short day tomorrow, I believe trading closes at 1:00 PM EST tomorrow).
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