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Technology Stocks : Sterling Commerce (SE)
SE 142.31-8.3%Nov 11 3:59 PM EST
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To: lkj who wrote (80)12/31/1998 1:43:00 AM
From: Ibexx  Read Replies (2) of 341
 
khan,

If you sell your LEAPS after 12 months, the profits would be taxed as long-term capital gains. On the other hand, if you choose to exercise the option rights to the stock, there would be no immediate tax consequences; you would be taxed when you sell the stock.

Regards,
Ibexx
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