The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/shorting-a-long-position-10487729.aspx

Subject:  shorting a long position Date:  12/29/1998  7:03 PM
Author:  JeffVacha Number:  7734 of 121332

Hi All,

Question:

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?

Thanks!

Jeff

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us