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JBIIRULES

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JBIIRULES

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Thursday, 04/29/2021 11:27:40 AM

Thursday, April 29, 2021 11:27:40 AM

Post# of 312015
Shorts make money if P2O fails

What Happen If Short Stocks Go to Bankruptcy?

By: Eric Bank, MBA, MS Finance
Shorting the stock of a company that goes bankrupt is like winning the lottery. The money you receive for shorting the stock is all yours, though there might be some delay in freeing it from the broker's grip -- it holds the money as collateral until it writes off the loan. You'll owe capital gains tax on your profit unless you shorted the stock within an individual retirement account.

https://finance.zacks.com/happen-short-stocks-bankruptcy-8444.html

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