On December 31st of this year, you placed an order with your broker to sell off $30,000
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Question:
On December 31st of this year, you placed an order with your broker to sell off $30,000 of your investments, at a gain of $28,000, in order to fund your education next year.
The broker executed the order on that same day (this is the trade date). The broker put the sales proceeds in your account on January 3, of the following year (this is the settlement date).
True or False: this transaction would need to be reported on the current year tax return.
Expert Answer:
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