Investments & Financial Planning

Stock short sales - reported to the IRS ?

Answer:

A short sale is a sale of stock that you do not own but borrow for purposes of the sale from a broker.
Brokerage firms are required by the IRS to report all stock and bond security sales, including short sales.
A short sale is considered a sale according to the IRS regulations and must be reported to you and then indicated on form 1099-B.
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