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
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