SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INTC
INTC 35.53-1.1%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Frodo Baxter who wrote (576)7/18/1997 6:48:00 PM
From: Dave Budde   of 990
 
Here's my interpretation of this (and I just read Pup 550 also).

Rule 1 says that the short sale and it's subsequent buy-back can never be a long term gain.

Rule 2 says that the holding period for the substantially identical stock restarts the date of the short sale. This just moves the original purchase date out to the date of the short sale and only does this if it was held less than 1 year.

So, this would allow the original stock to convert to long term in 1 year after the short sale. But the short stock can never be long term.

By the way, at the end of the publication (taken from the help files of Turbo Tax) they state:

"Reading it over again probably won't help. I suggest a few examples instead."

The people who write the code ought to be fired!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News