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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: FaultLine who started this subject4/19/2001 5:29:39 AM
From: Michael Allard  Read Replies (2) of 5205
 
Anyone know the tax implications of holding covered calls through a calendar year transition?

I have heard that you pay a capital gain as if you had sold your position for the amount received for th call, and your basis is upgraded to that figure as well. Is this true?
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