Re: Another WPTE post
There actually used to be an advantage tax-wise in shorting a stock that goes to zero.
Since you never have to cover, you never used to have the taxable event.
Now when a shorted stock goes to zero, it is considered to be a taxable event even in the absence of a buy-to-cover action.
Too bad.
Can WPTE go to zero? Yes, in the trading game anything can happen at any time.
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