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 : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RobbRacer who wrote (6744)	1/27/1999 10:39:00 PM
From: Bear Down	Read Replies (1) \| Respond to of 122087

I think you misunderstood auric. He said if it still being quoted you don't have to pay taxes because you are still short, never covered. When the IRS deems the stock valueless, you will then pay on your gain. It had nothing to do with boxing. Shorts Box their position to hold on to the borrow, not to avoid taxes, I think you just misundestood. Before revisions to the tax code, If you never covered, you never paid taxes. Then came the revision where the IRS can now deem them wortless and finalize the transaction thereby making you report the gain. I hope this clears it up. BOXING- Two dudes beating the hell out of each other for spectator's entertainment and wagering