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


To: Colin Cody who wrote (1504)11/18/1998 5:47:00 PM
From: Richard Nehrboss  Read Replies (1) | Respond to of 5810
 
Hello Colin, Kaye, et al...

AFter a quick glance at pub 550, I deduce the following...
Am I correct?

I have a long term gain in a position on INTC. If I want to hedge, I can sell short against the box. Since I've held the position for over 18 months, I can cover the short sale without triggering a gain in the original INTC holding or resetting the holding period?

Thanks

Richard