Mr Cooper Group Inc (COOP)

[WithCatz]

Yup claww - IRS regs are pretty clear on how to account for a short sale -- when the underlying property (or security) becomes "worthless" (or cancelled).

When short sold property becomes worthless the taxpayer must recognize the gain as if the short sale was closed.

That's just the way it is.

Now people want to view it as "well, they didn't sell it, and nothing got reported to the IRS, so we can skirt paying the taxes on it."

That MAY BE THE WAY some nefarious types do it, but that's not what the IRS regs say.

...Catz