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boxing stock holding long and short positions at same time to get long term gain rate

I held long and short positions on an ETF and just found out it is not legal. Do I just have to spay the short term rate. and wait to get a letter. It was done for two months. Is there anything I should do?

J

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2 Replies

boxing stock holding long and short positions at same time to get long term gain rate

Consult with a local tax professional.

boxing stock holding long and short positions at same time to get long term gain rate

Thanks

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