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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Trebor who wrote (2312)12/7/1997 12:48:00 AM
From: Jim O'Hare  Read Replies (1) of 42834
 
Bob,

Shorting against the box is a tax strategy. Let's say you owned 100 shares of Intel and thought the stock had become overvalued. You would like to sell but it is November and you would like to defer your capital gain into the next tax year. What you could do is short 100 shares of intel while remaining long 100 shares; In reality you would net neutral intel. However you could wait until the next tax year and cover your short position and sell your long position --> deferring the capital gain.
I think however next year "shorting against the box" will not be a legal tax strategy anymore.
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