Ok, if you want to take a capital loss in a stock there are two ways.
Double up, or sell now, buy later
Double up is just how it sounds, double your shares, then sell half 30 days later.those people have to have them bought by the end of November.
Now, If you sell, in December and you want to claim the capital loss on your 1998 tax return, you can't buy again, for 30 days.
Thems, the rules.
-------------------
As for naked Shorts...I believe, and I will have to check the rule again, that OTC market makers are exempt from filing the report.
|
