Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Like a fool, I shorted a stock three times in 1999. The first two times resulted in a gain but the last short was a disaster as the stock just took off like I rocket which I rode to a substantial lost. My first two shorts were in January, 1999 and were closed by February. My big losing short took place in March and was finally closed with a big loss in July. The net effect of thse shorts was a loss.

If the total shares in these shorts represented just one third of the long position, what are my tax consequences? I bought your book but am still unclear on how to resolve this.

Thanks for any help,

Just another fool
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.