Message Font: Serif | Sans-Serif
No. of Recommendations: 0
In Brokerage account A, I own 150 shares of stock, long.

In Brokerage account B, I have opened a short position in same stock, but have only sold 100 shares.

Obviously, my Schedule D will have to reflect the sale, but is this listed as "open short", or do I (by hand) close the short using the basis of 100 shares owned long in my other account. Or is the position listed as "open" until Brokerage-B receives the transfer of shares from Brokerage-A and gets the instructions to close.
- OR - ???

I checked (very quickly) the FAQ, but didn't see this exact situation.
I appreciate any help you can provide.

Thank you,

- Danny

PS: To save any possible complications in the answer, both Long and Short positions were opened this calendar year, so no issues of Long-or-short term gain/losses.

Please, no questions on how I got into this ridiculous situation.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.