What SHORT SALE means: A sale in which the seller borrows the stock certificates or other property delivered to the buyer. At a later date, the seller either purchases similar stock or property necessary to "cover" the sale, and delivers it to the lender or delivers to the lender stock or property that he or she already held but did not wish to transfer at an earlier date. For income tax purposes, there is no gain or loss on the transaction until the short sale is covered by purchase and transfer. Special rules apply in determining whether the gain or loss on a short sale is a long-term or short-term capital gain or loss.
- Definition Section (Followed By A Number):
- Dictionary The section of the tax Code in which particular laws are given short sale definition.
- Definition Snail Mail:
- Dictionary A term often used by Internet aficionados to describe traditional ground mail via the U.S. Postal Service, referring to its relatively slow speed of delivery compared to e-mail short sale explain.
- Definition Special Needs Child:
- Dictionary credit, a child determined by the state to be difficult to adopt due to factors such as racial or ethnic background, age, a condition that requires special care, or whether the child has siblings. A short sale what is.
- Definition Social Security Wages:
- Dictionary Total wages paid to an employee that are subject to this tax. This amount does not include tips. Wages are also subject to Medicare tax short sale meaning.
How works Short Sale meaning in Tax definitions S .
