Mr Cooper Group Inc fka COOP

[WithCatz]

Rumble, are you *TAX* accountant?


http://www.irs.gov/publications/p550/ch04.html#en_US_publink100010586

Example.

Even though you do not own any stock of the Ace Corporation, you contract to sell 100 shares of it, which you borrow from your broker. After 13 months, when the price of the stock has risen, you buy 100 shares of Ace Corporation stock and immediately deliver them to your broker to close out the short sale. Your loss is a short-term capital loss because your holding period for the delivered property is less than 1 day.