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Politics : Formerly About Advanced Micro Devices
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To: Elmer who wrote (117067)6/21/2000 11:32:00 PM
From: dougSF30  Read Replies (2) of 1570917
 
Elmer, Tax Strategy! Excellent, something we can all agree upon. Question for you:

Suppose I hold a January bull call spread. (I do, long 90's short 120's)

Suppose that on Dec 31st (or the last trading day), AMD is at, oh, 200.

May I buy back the 120's, at huge short term loss for 2000,
and sell the 90's day 1 of 2001, thereby delaying much of my payment to the IRS by a year?

It sounds too good to be true... surely they have some nasty little provision designed to defeat this?

thanks for your tax insights, by the way,

Doug
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