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Author: KMHinson Big red star, 1000 posts Old School Fool Coverage Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Accounting for a short Date: 4/7/1998 7:20 PM
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Help. I shorted a stock early in 97 and have been sitting on it ever since. The money that was put into my account is now counted as income. If it were a stock that I sold after having bought it, I would only pay taxes on the capital gains, but since I still haven't bought this one, how do I account for it? Do I have to pay taxes on the entire amount that I shorted it for? Somebody please help?

Thanks,
kevin
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