qbteachmt
Level 15
04-20-2021
01:27 PM
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It's the same as how I phrase putting money into a retirement account: "I'm going to spend money on my IRA." What I really mean is Cash Flow is affected = please plan for money to Leave cash on hand, as it will be Invested into the IRA account.
So, "purchase" stocks, bonds, or VC simply means the initial acquisition step as Purchased (not received in trade, for example) is not the reportable activity. The reportable activity is when the exchange or settlement happens that there will be something to report because of that VC. It's not treated like other currency exchange; it's treated as investment property.
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Don't yell at us; we're volunteers