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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: WallStBum who wrote (207)11/22/1997 3:59:00 PM
From: Nasty P  Read Replies (1) of 5810
 
Bum,

I agree with Cody re: warrants and underlying stock aren't identical securities. I can't cite the reference (ask Cody, he ALWAYS cites his answers, right Cody?) but Larry McMillan's book specifically states that options and underlying stock are not identical securities (p.819)
Options and warrants are pretty much the same except the issuer, so IMO you should be able to take the loss even if you use the proceeds to immediately purchase the underlying stock.

Good luck
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