Income Taxes and Record Keeping ( tax ) Message Board

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

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To: Colin Cody who wrote (467)	1/17/1998 9:30:00 PM
From: Area51	Read Replies (1) of 5810

All, I have a tax question. I sold 1 ASND Dec 35 puts for say $2 per share last year and was assigned the shares. Do I have to report the $200 (less any commision) as income for 1997? Or can I just say I have a cost basis of $33 on the ASND shares, and not report any income from the put sale? TIA, Garry

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