Discussion:Last day for Capital Gains / Loss
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| Revision as of 13:12, 7 November 2009 KathiJud (Talk | contribs) (I don't think I') ← Previous diff |
Revision as of 14:04, 7 November 2009 Death&Taxes (Talk | contribs) (Don't you exclud) Next diff → |
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| {{ForumReplyPost|UserID=KathiJud|Date=7 November 2009|Text=I don't think I've ever heard of looking at the hour in the day. 5/22/07 to 5/22/08 is exactly one year = long term reporting. | {{ForumReplyPost|UserID=KathiJud|Date=7 November 2009|Text=I don't think I've ever heard of looking at the hour in the day. 5/22/07 to 5/22/08 is exactly one year = long term reporting. | ||
| 5/22/07 to 5/21/08 is one day short and gives you short term reporting.}} | 5/22/07 to 5/21/08 is one day short and gives you short term reporting.}} | ||
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| + | {{ForumReplyPost|UserID=Death&Taxes|Date=7 November 2009|Text=Don't you exclude the day of acquisition? It's not clear in the example given by Zanger if the date of purchase was May 22.}} | ||
Revision as of 14:04, 7 November 2009
Discussion Forum Index --> Consumer Questions --> Last day for Capital Gains / Loss
| 7 November 2009 | |
| Is a capital gain long or short term if the sale is on the same day, 1 year later? For example, May 22 2007 to May 22 2008?
Capital Gains: Short-Term-one year or less Long-Term-more than one year It more than one year if it goes by full days, but one year or less if it is my the same hour in the day. My guess is it is long term, but I cannot find any confirmation of my belief. | |
| 7 November 2009 | |
| I don't think I've ever heard of looking at the hour in the day. 5/22/07 to 5/22/08 is exactly one year = long term reporting.
5/22/07 to 5/21/08 is one day short and gives you short term reporting. | |
Death&Taxes (talk|edits) said: | 7 November 2009 |
| Don't you exclude the day of acquisition? It's not clear in the example given by Zanger if the date of purchase was May 22. | |
