Short Sale Revisited

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Bettie Cheek
    Junior Member
    • Feb 2006
    • 28

    #1

    Short Sale Revisited

    Taxpayer had a short sale of $10000 in November 2005. The 1099B reported the sale. However, the short sale is still open in April 2006. He had no other shares of this stock in his portfolio at the time of his short sale. How is this reported on the 2005 tax return, and what happens when the short sale is eventually closed?
    Pookie
  • Matt Sova
    Senior Member
    • Jun 2005
    • 645

    #2
    I answered this in your earlier post

    If my answer was unclear please post for clarification in the earlier post.
    I would put a favorite quote in here, but it would get me banned from the board.

    Comment

    Working...