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 (834)	3/30/1998 9:07:00 AM
From: Richard Forsythe	Read Replies (1) of 5810

Bear in mind that your income would be paid gross! Anyway, on a different subject, do you know what the rules wrt options and wash sales. The official docs talk about materially the same security, but what does that mean for options? Can I sell my INTC Jan99 95Calls at a loss and buy (same day) Jan00 80Calls without invoking the wash sale clause? I'm assuming I will hold the Jan00 calls through to next year. Any info would be gratefully received... Richard

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