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Settlement period on Stocks?
I just sold a stock for a gain (as Im trying to sell it its gains during a few years to keep in a lower tax bracket).
I want to still be in the stock but make sure this gain is counted for this year. My brokerage account shows that the cash is immediately there. Can I buy right back and have this count for 2020? Or do I need to wait 2 business days for this "settlement" I keep hearing about?
2 Answers
- zman492Lv 73 months agoFavorite Answer
The gain will be counted for this year regardless of what you do. You can buy it right back.
It is worth noting that if you had sold it for a loss and then bought it right back you could not cont the loss this year due to "wash sale" rule.
- Anonymous3 months ago
Sale date is what counts. Not settlement. Settlement is just when the money gets there.
