Account Settlement.

An account settlement is the process of transferring money from one account to another, usually in order to settle a debt. This can be done electronically, by cheque, or by transferring funds from one account to another. In some cases, an account settlement may also involve the transfer of assets, such as property or shares. … Read more

Constructive Sale Rule, Section 1259.

What is the Constructive Sale Rule, Section 1259? What is a constructive sale price? A constructive sale price is the price of an asset that would be received if the asset were sold on the open market. The constructive sale price is used to determine the amount of capital gain or loss that would be … Read more