A.I.M. Users Bulletin Board

[OldAIMGuy]

Hi Patrick, There's another alternative to the ST capital gain delemma. It's "Short against the Box."

This helps because it captures the profit just as though you had made a typical "Long" sale. However, until you close out the trade and satisfy the "Short against the Box" position, it remains a null event as far as taxes go. 370 days later you can close out the "box" sale, realize the gain as Long Term with the same profit you would have had originally, but with only 15% tax instead of about double that.

This can be a nice alternative and it keeps one working right according "to the book."

Best regards, Tom