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porkman385

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porkman385

Re: PutYourWatchOn post# 98741

Monday, 09/21/2009 11:10:49 PM

Monday, September 21, 2009 11:10:49 PM

Post# of 730609
Actually, the one year capital gains tax rule doesn't apply to shorts, since they buy to close out the position, and the taxes start from when you buy, technically they are only in the stock for one infinitieth of a second.

If the stock disappeared, however, they wouldn't pay ANY taxes at all since they never technically closed out the position.
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