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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: trenzich who wrote (11480)6/29/1998 1:25:00 PM
From: Bill Wexler  Read Replies (1) of 27307
 
<<Bill, I suggest you read the tax bill that was passed last year, they closed that loophole.>>

You can longer box a position in order to defer taxes, however, let's say the following happens...you are short company XYZ at 5 and it subsequently dropsa into the BB for pennies where it languishes for years, or it goes bankrupt - as long as you don't buy back the stock you never close the position - therefore you don't pay the tax.
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