According to Not A Clue <
m8r.jn1sdp@gmail.com>:
If I transfer some securities (from a brokerage firm) to someone on Dec 23rd and they leave my account on Dec 31st; but the receiving firm doesn't receive them until
1/3/2022. For compliance purpose, do I report the gift in 2021 or 2022?
And if I make a last minute wire transfer of cash (gift), does the same principal apply?
Whenever I do a domestic wire transfer, the sending and receiving
banks invariably report it on the same day. It's the day I made the
request if I do it before the bank's cutoff time, the next business
day otherwise. Stock transfers are more complicated and slower.
I suppose if the recipient is outside the US it could take longer.
--
Regards,
John Levine,
johnl@taugh.com, Primary Perpetrator of "The Internet for Dummies",
Please consider the environment before reading this e-mail.
https://jl.ly
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