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Strategies & Market Trends : From the Trading Desk

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To: Spots who wrote (3050)5/16/1998 7:49:00 AM
From: steve goldman  Read Replies (1) of 4969
 
As with most things concerning the IRS and tax codes, I do not think they have it fully cleared out becuase 4 points in the money means more to CRUS than DELL. I would assume its gets clearer through a study of case law, (havent and WONT do as much as i lke this thread...lol!) and then adjudication of your particular case, if you ever got auditied.

I would the judge would hand down a ruling something like, so deep that a reasonable person given the market conditions felt confident that they were not exposed to any appreciable, measurable risk of the options being exercised, where the intent of the defendant was to effectively toll the sale of stock for tax purposes....eeek, the attorney in me coming out..thats it!

-Regards
Steve@yamner.com
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