Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 228.20

-2.3%

3:08 PM EST

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To: Gregory Rasp who wrote (33812)	1/16/2000 1:54:00 PM
From: Harry Sharp	Read Replies (1) of 70976

First of all I am not a tax expert however I believe I am correct on my statement on the holding period of an exercised option. I maintain that the time you held the call is NOT added to the length of time you hold the stock after you exercise the call to determine its long term status. At least not in the United States. irs.ustreas.gov An excerpt: If you exercise a call, add its cost to the basis of the stock you bought. If you exercise a put, reduce your amount realized on the sale of the underlying stock by the cost of the put when figuring your gain or loss. Any gain or loss on the sale of the underlying stock is long term or short term depending on your holding period for the underlying stock.

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