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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: J R KARY who wrote (2295)9/27/1999 9:51:00 AM
From: Colin Cody  Read Replies (2) of 5810
 
You find an associate who is in a similar position. You then pay him CHECK for his shares, which he deposits, and he takes his loss. He then pays you a CHECK for your different company shares and you take your loss.

As Kaye said you MUST be at risk with no contract, option or understanding that either of you will be made whole should the stock's price move during the 31 days.

Colin
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