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To: Think4Yourself who wrote (39020)3/5/1999 10:56:00 AM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
You would be left with the proceeds from the short sale, and yes, that would be a taxable event, probably reverting to your original basis in the stock...in effect, you sold the stock at the price you shorted it at but stopped market exposure and deferred cap gains tax.

Beats me...

big
loosbrock.com



To: Think4Yourself who wrote (39020)3/5/1999 11:34:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Re: shorting against the box.

Here's an article on shorting against the box, and the IRS rules addressing it.

cis.ohio-state.edu