Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: posthumousone who wrote (758)	3/12/1998 1:23:00 PM
From: VincentTH	Read Replies (1) of 5810

Read Pub 550. Colin is the definitive answer , but IMHO, that would be subject to wash sale. Note that the following is not subject to wash sale (IMHO): Buy stock at $20. Sold the 20 strike call option for 2 Buy back the call at $4 at a net loss of $2, all within the 60 day window. The last buy is not subject to wash sale since the security is substantially different. For your case, the purchase of the call option is to substitute it for stock, hence substantially identical. For this case, the purchase of the call is not to intend to substitute it for the underlaying stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next