I own 100 shares of XYZ that I bought at 100. I went short 100 shares against the box at 90.You've almost certainly got a constructive sale at this point.The stock is now at 95. When using my original shares to cover the short how are tax implications computed? a) My assumption is that I subtract the short sale price of 90 from the original basis of 100 for a 10 point loss.Yep.b)Does the current market price of XYZ (i.e. 95)at the time of covering figure in this any way?Nope.I think there's an article on constructive sales in the FAQ. The link is at the top of this page. You might want to read it to get a handle on constructive sale issues.--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra