Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Herschel Rubin who wrote (3085)	3/22/2000 9:33:00 PM
From: HIA	Read Replies (2) of 5810

If you sell a long call back to the market...or back to the market maker...and then buy the underlying security...that is two separate transactions...No-one exercises an option when and if there is a market for the option itself...but...doing that would avoid realizing the short term gain on the option and avoid taxes on that gain at that point in time...

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