Replies to post #42755 on Ariad Pharmaceuticals Inc fka ARIA

[Tinkerer]

Thanks Griff.

[cintrix]

You are absolutely right when it comes to long trades. But short sales that you made gains on are based on settlement date:

General Summary: When closing short sale transactions at a loss, pursuant to Regs. §1.1233-1(a)(1), the settlement date is the delivery date, the date on which the actual security or cash changes hands. The settlement date marks the closing date for tax reporting. Do not use trade date for the closing end of the transaction at a loss.
http://www.traderstatus.com/shortsale.htm


and...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44862105&txt2find=settlement