2 Question Tuesday – 04/23/2024 – What Should We Expect When The T+1 Rule Goes Into Effect & What Are The Implications If Biden Passes Law To Tax Unrealized Gains?

Welcome to 2 Question Tuesday. This week’s client submitted questions were:

  1. What should we expect when the T+1 rule goes into effect?
  2. What are the implications if Biden passes law to tax unrealized gains?

Phil, Mike, and Larry discuss the SEC’s new rule to require trade settlement to happen the day after the trade takes place, T+1, and how long will it be before trades are settled instantaneously. They then discuss the Biden Administration’s proposal to tax unrealized gains on stocks, land, and other assets.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Host Lawrence Carrel’s books available available at Amazon.com