Income Taxes and Record Keeping ( tax )

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Strategies & Market Trends
Income Taxes and Record Keeping ( tax )

An SI Board Since September 1997

Posts	SubjectMarks	Bans
5810	437	0

Emcee: Zeuspaul	Type: Unmoderated

Introduction Compact

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Reply	Message Preview	From	Recs	Posted
4835	Very interesting -- you are looking at "exception for certain closed transa	LemurHouse	-	8/3/2005
4834	Here is a link to Pub 550... irs.gov See page 40. It has been explained to me	Ira Player	-	8/3/2005
4833	Ah... sorry for what was a hasty response -- I did manage to muddle things didn	LemurHouse	-	8/3/2005
4832	In my example, the long position had been held for 18 months when the SAB was do	Ira Player	-	8/2/2005
4831	Uptick rule aside, the answer is neither 1 nor 2. You would effect the construc	LemurHouse	-	8/2/2005
4830	The broker is now required to report the sale as a short sale. The back room doe	Ira Player	-	7/26/2005
4829	"You are confused." Thats because your confusing ;^) "When I cr	deeno	-	7/26/2005
4828	You are confused. When I create a boxed position the market is calm and I don&#	Ira Player	-	7/26/2005
4827	"My comment is valid. Yes, you had (past tense) to follow the uptick rule w	deeno	-	7/26/2005
4826	"1997 taxpayer relief act see IRS pub 550 on constructive sales" whi	deeno	-	7/26/2005
4825	i was trying to be funny in my post :-) as you note, there are some nuances to t	OX	-	7/26/2005
4824	1997 taxpayer relief act see IRS pub 550 on constructive sales just because yo	OX	-	7/26/2005
4823	"Nope, when you short against the box you must follow the uptick rule so yo	Ira Player	-	7/26/2005
4822	"An old ploy, now explicitly disallowed, was to buy a position and then sho	deeno	-	7/26/2005
4821	It's the SEC that hated it... An old ploy, now explicitly disallowed, was t	Ira Player	-	7/26/2005
4820	My understanding is that short against the box is legal, but must be closed befo	Ira Player	-	7/26/2005
4819	Get two accounts. iRS doesn't like against the box netting. Do it as two se	BWAC	-	7/26/2005
4818	get a new broker. eom	deeno	-	7/26/2005
4817	Well, I can't help relative to IRS position, but the two brokers I use will	rgjack	-	7/26/2005
4816	"since "shorting against the box" is illegal." who says? d	deeno	-	7/26/2005
4815	you forgot option 3) go directly to jail since "shorting against the box&q	OX	-	7/26/2005
4814	Question to thread experts. (Settle an arguement!) Scenario: Buy 100 shares of	Ira Player	-	7/25/2005
4813	"So if I sell a long stock they would keep 28% too? " yep	deeno	-	4/24/2005
4812	So if I sell a long stock they would keep 28% too? As I said I just got back t	Moominoid	-	4/24/2005
4811	its 30% of the PROCEEDS. So if you had a 10,000 CD come due they would withold	deeno	-	4/24/2005

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