Do stock trading platforms issue the tax forms right after the first day of the new year? ?

Is it a good strategy to sell everything in the last two weeks of December?

4 Answers

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  • 3 months ago
    Favorite Answer

    No, because some funds take time to settle. Figure mid-February.

    As for liquidating in December because it is December:  It is definitely NOT a good idea to liquidate your portfolio based on the time of the year for many reasons. (1)  If you did that then all your profits would be short-term and would be taxed at your tax bracket. (2) You would lose any increases that happened after selling them. (3) There is ZERO benefit from doing it.

  • Anonymous
    3 months ago

    It makes no sense whatsoever.

  • 3 months ago

    Brokerage firms CAN NOT AND DO NOT issue tax information the first day of a new year.    

    There is always, trade corrections, as of trades and trade cancelations that need to be properly recorded.  Position adjustments many times need to be made for dividends, security receipts and deliveries, and settlement reconciliations.  

    Unless you want to take gains and/or losses why sell at the year end.  Selling the last weeks of December is an asinine strategy.

    Source(s): Industry Experience
  • A.J.
    Lv 7
    3 months ago

    No. They have until January 31, and sometimes after that because they haven't received all of the information.

    Most Januaries are market up. Taxes are lower for holding long term. If ahead, taxes on gains delayed if not selling.

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