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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)

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To: bill who wrote (54)1/20/2002 8:47:18 PM
From: VAUGHN  Read Replies (1) of 613
 
OK Bill

But I presume this concern only applies to selling, especially Call Options. If you had held Puts on Nortel or Enron last year you would not have sold until last spring (Nortel) and last month (Enron). Presumably the IRS only wants its $$$ once the option is exercised?

So if the Option loses Time Value, can you claim that as a capital loss, or can you only claim Intrinsic Value?

I used to play commodities and this was always tricky.

What about Warrants, does the IRS value those on Dec. 31st or does it wait until they are exercised?

Kind of academic for me now since I am simply trading stock in long positions (RSP restrictions).

Regards

Vaughn
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