Book 2, Page 280

不太理解书中提到的“constructive Sale”, 麻烦TX们能够解释一下，谢谢啦！

a taxpayer makes a constructive sale of an appreciated financial position if the taxpayer enters into:

1) a short sale of the same or substantially identical property;

2) an offsetting notional principal contract with respect to the same or substantially identical property; or

3) a futures or forward contract to deliver the same or substantially identical property.

用衍生品来对冲自己的股票，虽然你还持有这支股，但他的股价波动对你已经没有影响了。是很恶劣的行为啊