Tag Archives: year End

Stock Sale Date

Today TaxMama hears from Stephen, a MarketWatch reader, who has this question. “I sold some stocks on 12-27-06. The settlement date was 1-2-07. The stock brokerage company sent me a Form 1099 without this sale because the settlement date was after 2006. Can I report this sale in my 2006 tax return? Will the IRS […]

Constructive Receipt

Today TaxMama hears from Manola in the Tax Parlor, who says, “I sold a house, the closing was on 12/29/06. The proceeds were to be wired to my acct. on that date, but it posted 1/2/07. Do I pay my taxes on the monies (it is not a primary residence), on 1996, 1997, or whenever is […]