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Strategies & Market Trends : Shorting stocks: High fliers

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To: Q. who wrote (641)1/25/1999 1:05:00 PM
From: schadenfreude  Read Replies (1) of 709
 
<<If you are long a stock and you sell it, the trade date is the day that counts for capital gains purposes. .... But if you make a short sale, the settlement date is used for capital gains recording purposes.>>

Does this apply to buying to cover a short position as well?
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