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: kodiak_bull who wrote (18206)	12/18/2002 9:50:05 PM
From: energyplay	Respond to of 23153

IRS got some new rules, that say if the company is effectively worhtless (ussually BK) you have to report the gain on the short. I don't think Delisting is enough to trigger this, but I'm not a lawyer. Some of my best friends are lawyers, however. One possible way around this is to short sector indexes - they will have some companies survive, thus avoiding this problem... You can save the gain on the short for a year when you have a big deduction - like a drilling a dry hole...