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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: Wash Rule on Partial Position Date: 12/8/1998 10:36 AM
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[[Off topic; Not regarding wash sales:

Question 3.
For future reference... Suppose I had instead sold Intel short "against the box." Would I have
retained the freedom to cover the short with a new purchase, and keep the old basis?

Has this purpose for shorting stocks been eliminated from tax law?]]

"Shorting against the box" has not been eliminated. But there are a number of restrictions that have been put on "constructive sales" such as those that you are making reference to.

Go back to post #6880 and read the discussion that I left on this issue re: Shorting Against the Box.

You'll get a much better insight.

TMF Taxes
Roy
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