The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: shorting a long position||Date: 12/29/1998 7:03 PM|
|Author: JeffVacha||Number: 7734 of 121114|
If I currently own a stock long, can I sell short the same number of shares and neutralize my position? For example, if I own 200 shares or AOL, can I short the 200 shares at the same time?
More specifically since this question is really tax related: Is this a way of not selling my original shares (therebye keeping them past the year end or 1 year tax cut) and getting around Uncle Sam? Or will the short sale be treated as a sell of my original shares?
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