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Technology Stocks : Dell Technologies Inc.
DELL 119.82+3.9%1:35 PM EST
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To: jackrabbit who wrote (163499)1/1/2001 7:49:18 PM
From: hlsjones  Read Replies (1) of 176388
 
Since the Jan 1st of 2000 that is correct it just becomes ordinary income and the basis in the underlying is whatever you paid.
However... That is just how you need to report the income to the IRS. You don't need to think that way, it gets in the way of knowing where you really are in the trade.
If you stay in the underlying less than a year it has no effect anyway. Only on the longer plays.
HJ
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