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To: yard_man who wrote (221801)	2/16/2003 8:37:31 PM
From: orkrious	Read Replies (1) \| Respond to of 436258

what is the downside?? that your deductible expenses are limited to the excess of 2% of your adjusted gross income if you get audited and have taken a loss on a stock that you bought back (or reshorted) within 30 days the deduction will be disallowed. assuming you disposed of the position the following year, the disallowance only has the effect of accelerating the tax due by one year. there is some good stuff here thestreet.com thestreet.com