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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: jlib who wrote (844)5/5/1999 7:53:00 PM
From: Gambit  Read Replies (1) of 1383
 
How do you report a short sale to the IRS if the position is still open at the end of the year? An accountant told me that the numbers need to match up for everything sold, and there is nothing on the 1099 to indicate that it was a short.

Is a form needed? If not what do you tell the IRS and where.

Thanks
Adam-
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