> but you can't deduct losses or use them to offset other capital gains. Not to mention: Underwater folks cannot sell if they can't afford to bring money to t

> but you can't deduct losses or use them to offset other capital gains. Not to mention: Underwater folks cannot sell if they can't afford to bring money to the table. And now that everyone who short-sells will be receiving a 1099 (after Jan1) for forgiven debt, there's going to be another disincentive. Fun times.