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I'd like to call in the mounties because i too stick to my guns. I would argue that there was only one sale on the 6/25 transaction and it had a basis such that there was a gain, not a lose. Even the IRS likes simplicity. I see no reason to split the transaction just to make it more difficult.

As a side issue, one can only wonder why we have the short sale rule anyway, because in the end you pay about as much taxes, barring death and changes in tax brackets.

But still, I see no requirement to report more than one transaction.

Joe Varga
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