Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Zeuspaul who wrote ()	8/25/1999 2:55:00 PM
From: William Sheppard	Read Replies (1) of 5810

I hold a substantial position in my employer via employee stock purchase. I'm potentially buying a house in the next year and our stock is near a high, so I'd like to "lock-in" the present value without the tax consequences of selling outright (most of which is short term gain). Can I short an equal number of shares as what I hold, thus effectively locking in my current gains until I actually need to liquidate, or does this trigger a wash sale with tax consequences? Are there other ways to protect my gains in a tax-friendly way (I'm aware of protective puts)? Bill

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