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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: westpacific who wrote (58791)4/29/2002 5:53:43 PM
From: brightness00  Read Replies (3) of 99280
 
>> Many shorts on a long term hold pattern, and thus I pay lower capital gains.

Say what? Do you actually short at all? or file tax returns? The holding period for short is one day for tax purpose regardless when you initially sold it short. IRS considers your holding period begins on the day you cover it, then subseuqently "deliver" it. The only way you can get long term treatment on short positions is if you have loss from previous wash sales. So my question is how much money did you lose before you quit trading?
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