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Politics : Formerly About Advanced Micro Devices
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To: dougSF30 who wrote (117074)6/21/2000 11:38:00 PM
From: Elmer  Read Replies (1) of 1571031
 
Re: "Elmer, Tax Strategy! Excellent, something we can all agree upon"

My God! I've gotten two compliments tonight!! Am I really on the AMD thread????

Re: "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"

Please don't think me a tax expert because you should be consulting your CPA or other professional advisor but I think you can do what you propose and spread it across two years.

EP
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