How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.22

-1.3%

Nov 21 9:30 AM EST

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To: taxman who wrote (20234)	4/10/1999 8:16:00 PM
From: Srini	Read Replies (1) of 74651

<<<yes. i have exercised my leaps to defer the tax. since the stocks in many cases had a strike price less than 50% of market i didn't have to put up any additional cash.>>> I was under the impression that when Leaps are exercised (or sold, for that matter) and if there is a profit involved, (compared to the cost basis), this is a taxable event in a non-retirement account. I am hoping to be educated on this matter. I just realized that I am posing this question to the most appropriate person .(ggg) Srini.

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