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For an individual in the US (California), are there tax benefits to buying stocks on Dec 31 vs. one day later?

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For a long term gain you must hold the stock a year and a day, so, the long term hold period will fall into 2015 regardless. This is the only tax related issue that occurs to me, did you have something else in mind?

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  • maybe something about wash sales?
    – CQM
    Dec 29, 2013 at 23:06
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    @CQM - Well, you're really digging now. If he sold a stock at a loss 30 days before Dec 31, it would create a wash sale if he doesn't wait till Jan 2. But that issue can happen on any decision to buy. Nothing magic about 12/31. Dec 30, 2013 at 1:06

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