Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: sheila rothstein who wrote (39478)	12/11/1997 9:24:00 PM
From: Roger Nelson	Read Replies (1) of 58324

Here we go again! quote.yahoo.com Off Topic!! Tax Question regarding Options. I purchased IOM just before it broke resistance around 30, then again at 29, then again at 28. Well today I sold some of the 30 dollar shares, since I didn't want to pay taxes on the 20 thousand that I just lost. I then purchased 50 IOMEE options! Can I take the latest IOM stock loss this year if I don't repurchase more stock? Can I hold the 50 IOMEE through the end of year without getting taxed on the options? Are options treated like stock as far as taxes go? I can explain further if needed. I appreciate any advise or direction! Roger

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