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.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Brendan W who wrote (735)	3/8/1998 10:08:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 5810

please clarify "constructive sale" the purpose behind shorting against the box as I knew it was so that if you didnt want to sell your stock because of gains..you could short against the box and protect them in case of a fall... so by constructive sale you are saying this no longer has any validity because the IRS will now consider it the same as if you had sold it and tax you on the gain... If anyone knows the applicable tax code I would appreciate it... common knowledge means nothing to me......it doesnt cut it in an audit...and loopholes generally arent common knowledge..