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


To: Len who wrote (1747)1/10/1999 9:40:00 PM
From: Richard Joslin  Respond to of 5810
 
IRC Reg 1.1233-1(a) General. (1) For income tax purposes, a short sale is not deemed to be consummated until delivery of property to close the short sale.

The result is the same for cash and accrual taxpayers.