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To: Ty who wrote (9042)4/2/1998 8:08:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 27307
 
>>If you re-short the stock within one month, the loss from the first short won't be tax deductable. In addition, you will have to make a larger profit from the re-short because the first loss is post-tax dollars.

Talk with your tax professional. That's not right. The tax loss from your first transaction is simply deferred until you close out the second. You never lose the tax benefit.



To: Ty who wrote (9042)4/3/1998 1:11:00 AM
From: geof  Read Replies (1) | Respond to of 27307
 
You are assuming the stock will go higher. What if it dropped after you've covered your shorts?