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Do escrow shares for capital gains report the date they were

Customer Question

Do escrow shares for capital gains report the date they were issued or the date they became available to be sold
Submitted: 1 month ago.
Category: Tax
Expert:  Tax.appeal.168 replied 1 month ago.

Hello. Thank you for choosing this Q&A service for assistance. My name is Angela. I will be assisting you.

Q: Do escrow shares for capital gains report the date they were issued or the date they became available to be sold

A: The date they were sold. When a capital asset is sold, is when the taxpayer incurs the gain or a loss. You can refer to the tax topic at the following link for more detailed information on capital gains and losses.

https://www.irs.gov/taxtopics/tc409.html

Let me know if I can be of further assistance to you regarding this matter. If I have answered your question, I ask that you be so kind as to scroll to the top of the page and select 3 or more stars to positively rate my response so that I can receive credit for assisting you. Thank you in advance.

Expert:  Tax.appeal.168 replied 1 month ago.

Following is a link to an article that you might find to be interesting reading.

https://double-taxation.com/2011/04/25/eleventh-circuit-stock-held-in-escrow-was-constructively-received-by-seller/