FIRE'd@51
Thinks s/he gets paid by the post
- Joined
- Aug 28, 2006
- Messages
- 2,433
If I sell Treasury bonds on Dec 31, they will settle in 2009. Can I take the capital gain in 2008 and the accrued interest in 2009?
Sorry, but no. Trade date is what counts, not settlement date for tax purposes.
You'll be better off going with whatever is on your 1099s. It used to be that you could go with either the trade date or settlement date but it may have changed. I'd hate to disagree with Saluki9 over this but you could check the IRS publications to be sure.If I sell Treasury bonds on Dec 31, they will settle in 2009. Can I take the capital gain in 2008 and the accrued interest in 2009?
You'll be better off going with whatever is on your 1099s. It used to be that you could go with either the trade date or settlement date but it may have changed. I'd hate to disagree with Saluki9 over this but you could check the IRS publications to be sure.
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