https://www.taxtmi.com/forum/issue?id=4740 Classification of securities depends on the commercial intention at the time of each transaction: trading securities are treated as inventory while long term holdings are investments, and a taxpayer may maintain segregated portfolios. Closing trading stock must be valued according to the taxpayer's uniform inventory valuation method, with the chosen approach (such as lower of cost or market) applied consistently. en-us Thu, 20 Sep 2012 22:42:41 +0530 Thu, 23 Jan 2025 15:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4740 Classification of securities depends on the commercial intention at the time of each transaction: trading securities are treated as inventory while long term holdings are investments, and a taxpayer may maintain segregated portfolios. Closing trading stock must be valued according to the taxpayer's uniform inventory valuation method, with the chosen approach (such as lower of cost or market) applied consistently. Discussion-Forum Income Tax Thu, 20 Sep 2012 22:42:41 +0530 https://www.taxtmi.com/forum/issue?id=4740