B brad1970 Nov 8, 2002 #1 What happens to your short position when a company finalizes its bankruptcy and stops trading?
F Free Thinker Nov 8, 2002 #2 its your lucky day,you get to keep the money.best part of all is if you never cover you dont have to pay taxes on gain since its not a taxable event until you cover.unless you are a mark to market trader.
its your lucky day,you get to keep the money.best part of all is if you never cover you dont have to pay taxes on gain since its not a taxable event until you cover.unless you are a mark to market trader.
D Dan da Stik Nov 8, 2002 #3 There is a school that says do nothing. That way you do not get out of the position, no realized gain. No tax liability.
There is a school that says do nothing. That way you do not get out of the position, no realized gain. No tax liability.
