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 : Stock Swap
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SE who wrote (14095)5/27/1998 10:41:00 AM
From: Tiger  Read Replies (1) of 17305
 
Sorry I can't provide chapter and verse, but think about it this way.
Capital gains taxes are due after a sale of shares you've bought or a purchase of shares you've shorted. If you short a stock that goes to zero and the company goes bankrupt, 1) you are no longer at risk against adverse moves against you and 2) who's to force you to finish the other side of the transaction.

Is the IRS capable of determining who has shorted stocks that have gone into bankruptcy? Unlikely.
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