title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Saturday, December 27, 2003
 
Last Day to Sell - This is a good explanation of the often confusing issue of the effective dates of stock transactions for tax purposes. This is also a good time to remind everyone that a stock has to be actually sold by December 31 in order to claim a loss on your 2003 tax return. Just because it has dropped in value from your original purchase price does not entitle you to claim it as a capital loss. This is completely consistent with the way you handle stocks that have gone up in value. Those gains aren't taxable until you actually sell the stocks.





Powered by Blogger