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ARQUOT stands for Annual Report of Quit Transactions. It is a report submitted to the tax authorities detailing capital gains or losses from the sale of securities.
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What is the purpose of arquot?
The purpose of ARQUOT is to report and track capital gains or losses from the sale of securities for tax purposes.
What information must be reported on arquot?
On ARQUOT, one must report details of the securities sold, the purchase price, the sale price, and the resulting capital gains or losses.
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