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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (98366)8/8/2002 5:51:04 PM
From: Zeev Hed  Read Replies (3) | Respond to of 99280
 
ork, they closed that loophole sometime ago, a short must mark to market on December 31st, and pay taxes, even if the short is not covered (the base is changed according to that "mark to market action), so you cannot have a long term cap gain on shorts. Hope it helps, you still short the semi equip here?

Zeev



To: orkrious who wrote (98366)8/8/2002 6:13:22 PM
From: Israel  Respond to of 99280
 
I see Zeev answered your question before I could get to it.. hes right no more 'shorting against the box'...

Israel


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