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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Kaye Thomas who wrote (2241)	7/2/1999 4:48:00 PM
From: Chuzzlewit	Respond to of 5810

Thank you for your response. CTC

To: Kaye Thomas who wrote (2241)	7/2/1999 8:50:00 PM
From: Spots	Respond to of 5810

It USED to be pretty clear, namely, an option with either a different strike or a different exipration was a separate security. God knows how it may have been fuzzed recently, but I have been using this rule in my own option trades for well over twenty years with no argument from the IRS. Of course, my option trades are proabably so picayune as to sail right under their radar. Still, it survived an audit in which most of the transactions (and most of the losses :( ) were in options. Spots