Short Sale

[cpabsd]

I'm showing some ignorance here but hope someone can help me. What is a short sale? I have several clients who have these listed on stock transactions. I notice that ATX has it listed as an option on the input sheet. Should these be input any differently? I also notice the acquisition date is after the sale date. Please help educate me on this.

Thanks.

[jklcpa]

Here's a link that explains it: http://www.sec.gov/answers/shortsale.htm

(easier than typing & thinking right now).

[cpabsd]

Thanks - the link was very helpful.

[cred65]

I have entered short sales for my clients but ATX informs me that the return must be paper filed.