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1260

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1260

Re: crazylarry post# 63455

Tuesday, 01/04/2005 12:03:43 PM

Tuesday, January 04, 2005 12:03:43 PM

Post# of 252256
Player & Crazy Larry,

CL, Player is correct about the shorting. The other misunderstanding is about "what if bk and you don't have to cover".

IRS code says that the moment a stock becomes bk, worthless or non-liquid, then you owe the taxes on your short position, if any are due.

IRS is slow, but they are thorough on checking these small points. They like compound interest.

Just my comments

1260

Remember, draining the swamp to get rid of alligators, will stir up the snakes.

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