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Posted On: 03/11/2020 4:16:55 PM
Post# of 72440
One error in my post on "naked " shorts.
All shorts that are still open when a company goes bankrupt have a cost of ownership of 0.
Taxes are paid on the total receipts of the short sale (not positive but think they get to deduct interest expense while holding the short) and they are taxed as "short term gain" since the short buyer never really owned the stock at any time.
All shorts that are still open when a company goes bankrupt have a cost of ownership of 0.
Taxes are paid on the total receipts of the short sale (not positive but think they get to deduct interest expense while holding the short) and they are taxed as "short term gain" since the short buyer never really owned the stock at any time.
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