Short Sales held between years

From: "Rodin, Barry H [AMSTA-AR-FSP-I]" <brodin@pica.army.mil>
Subject: Short Sales held between years
Date: Mon, 13 Mar 2000 16:49:53 -0500

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If a stock is sold "Short", and is not bought back during the same year,
how should this be accounted for on the income tax forms (Schedule D) ?

On the one hand, since the transaction is not yet closed out,
perhaps no reporting is yet required.

On the other hand, the Short Sale is reported to the IRS by the broker,
and perhaps needs to be included somehow in the
"Total sales price amounts".

Thanks.

P.S.  Does your answer work with tax preparation software,
and with electronic filing?

Can you reference any IRS publication that answers this question?

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