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

To: RickT who wrote (29839)	4/13/1999 9:12:00 PM
From: get shorty	Read Replies (2) \| Respond to of 122087

Off Topic tax question re: short sales...apologizing in advance! If you sell short in '98 but don't cover until '99, the gain or loss is not recognized until '99. My question is how do you reconcile your schedule D against the 1099 form that comes from the brokerage. The 1099 shows proceeds from the sale of the stock I sold short, but it's a position that I haven't covered yet. Do you simply put a notation on your schedule D that the position has not been convered so no gain/loss has been recorded yet? TIA for any help!