Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: John Dally who wrote (2332)	10/17/1999 4:44:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 5810

Sounds like the transaction is a "constructive sale" taxable event to me, unless you meet all these requirements: Sec 1259(c)(3)(A) there shall be disregarded any transaction (which would otherwise be treated as a constructive sale) during the taxable year if-- (i) such transaction is closed before the end of the 30th day after the close of such taxable year, (ii) the taxpayer holds the appreciated financial position throughout the 60-day period beginning on the date such transaction is closed, and (iii) at no time during such 60-day period is the taxpayer's risk of loss with respect to such position reduced by reason of a circumstance which would be described in section 246(c)(4) if references to stock included references to such position.