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Strategies & Market Trends : Option Strategies

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To: Debt Free who wrote (2220)12/30/2020 1:21:10 PM
From: THornsby   of 2591
 
> In addition, this is in a regular maybe taxable account and if I hold the option should be considered a long term gain instead of short term.

That's true if you hold the stock long-term and the LEAP is exercised.

If you buy to close the call or it expires, the amount you received is a short-term capital gain.

Details available in IRS Publication 550.
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