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To: manalagi who wrote (117406)2/11/2001 10:07:22 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>I will have to declare it on Schedule D when a closure takes place.
Not until the end of the tax-year the bankruptcy court gives final permission.
Since that can take a long time, you'll have free float on your profit, with no interest payments or penalties required.
>the gains on a short sale is always treated as short term by the the IRS.
Are you sure about that?


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