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Originally Posted by 2HousePlague
It's all about SETTLEMENT DATE.
Your trade must settle this year.
Trust me, I'm a former broker... uuuhh... I mean, believe me, I know what I'm talking about.
j-
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Wrong. Settlement date only applies to covering a short sale.
I've been a portfolio manager too long and had this question come up too many times. But I think even Yahoo can answer this question:
http://taxes.yahoo.com/guide/buystock/lastday.html