Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Richard Forsythe who wrote (6290)	12/13/1996 3:11:00 AM
From: Gary G. Withrow	of 186894

More on options and taxation. I've never been a "big guy" but have had some different types of options. When I was with DEC, I had some restricted options that were based on the equity value of the stock. At the time the equity value was about $18, and the stock was about $90. When I exercised those options, the difference was taxed as ordinary income and included on my W-2. My basis on the stock was then $90 when I sold it. I later bought some shares of GTE through an employee stock purchase plan where the difference between the offering price and the market value was taxed as ordinary income, but only when you sold the shares. If the stock was sold within 24 months of purchase, the ordinary income portion was also a tax deduction for the company. I sold 200 shares and GTE issued me a 1099 as non-employee income. Right now I sitting on 600 shares of INTC which I almost gave away when I sold some Oct 90 covered calls just before the stock jumped 8 points in 2 days. Fortunately I came to my senses and bought the contracts back. Gary

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