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Technology Stocks : Zitel-ZITL What's Happening
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To: Mama Bear who wrote (17910)6/5/1999 10:31:00 AM
From: Dave Mansfield   of 18263
 
If I understand correctly, one can't use a long term capital loss to balance a short term capital loss. Since a short sale can never achieve long term treatment, it would seem to be a (minor) fly in the ointment.

Not exactly true. One must first use long term capital losses against long term capital gains. After all the long term capital gains are used up, you can then offset short term gains with long or short term losses. No fly in this ointment.

Dave
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