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S&P 500
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US TECH 100
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Dow Jones
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Post# of 358439
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BuzzOnDaBeach

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BuzzOnDaBeach

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Re: bryedge post# 207265

Friday, 05/19/2006 10:23:11 PM

Friday, May 19, 2006 10:23:11 PM

Post# of 358439
Yes he does. And when they cancel the original issue and re-issue, your trade is considered closed and you report the capital gain. I was short GX when they filed BK, never covered. When the original Global Crossing stock was cancelled, I had to file the capital gain just like any other trade.

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