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Technology Stocks : Compaq
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To: Brian Pastor who wrote (8378)11/1/1997 4:08:00 PM
From: Wayne Lian  Read Replies (1) of 97611
 
Brian,

Thanks for the info regarding tax selling of CPQ.

I have a question regarding selling agaist the box. If you hold 100 CPQ at a cost of $20 a share, sell 100 short now at $60, but close the position in Jan 98 by buying another 100 at $65, and continue to keep the original 100 as long term for ever, what will be the tax? I mean will the tax be calculated only from the short sale, which is a capital loss? Or will the long position also be involved?

Thanks in advance for your information

Wayne
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