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To: Tiger who wrote (14101)	5/27/1998 10:46:00 AM
From: SE	Read Replies (1) \| Respond to of 17305

Quite frankly your approach is outright fraud. If the company is bankrupt, then the other side is in essence completed. The IRS would assert that, just as a worthless security is written off in the year the stock becomes worthless. A capital gain from a short sale of a stock that becomes worthless is reporatable in the year the company becomes worthless. Any other approach and if you are caught it would be ugly. Even if you think they cannot find out, they might. And if they do...ICKY! What about options? They are not reported on a 1099. Does this mean all option trades are free and clear of taxes? I don't think so. -Scott