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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (18205)	12/18/2002 7:36:10 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Short it to zero? Question: I think somebody was talking about this issue before. Say you shorted 1000 shares of ENE at $80, and have watched it descend for a couple of years and now it's delisted, not trading. You have $800,000 in the brokerage account and an obligation to return the shares if called, but nobody's calling them back. After 5 years, 10 years, is there ever a tax "disposition" event where the Feds will assess you the gain on the $800K?? TIA, Kb [Sorry to say, this is just an academic question, I lacked the foresight to short ENE, but had the foresight never to own it.]