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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Dan Duchardt who wrote (3088)11/30/2001 3:37:10 PM
From: Allen Furlan  Read Replies (1) of 5205
 
Dan, I have a much simpler question about covered call tax consequences. If one closes a call sold against a stock at a loss, so as to retain the stock, can the short term loss be used to offset other gains? Also , how does this effect the basis date of the stock? Thanks for any help.
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