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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (8416)	9/8/1999 3:11:00 PM
From: Math Junkie	Respond to of 15132

Thanks for the link re: shorting against the box. It looks like the exception to the constructive sale rule (i.e., closing the short position within 30 days after the end of the tax year, and holding the long position at least 60 days after closing the short sale without taking a position that reduces your risk during that 60 days) don't apply for the purpose of determining when your long-term capital gains holding period starts. I.e., it looks like the holding period re-starts when the short position is closed, even if you meet the exception to the constructive sale rule. I'm still not sure if I'm reading that right, though. What a mess!