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To: Neocon who wrote (71573)1/7/2000 5:53:00 PM
From: Bill  Read Replies (1) | Respond to of 108807
 
Let's say you acquired the option for $25 and you exercised at $400. You have a $375 gain taxed as ordinary income. If you sell that $400 of stock in the future for less than $400, you can deduct the loss. If you sell for higher than $400, you have another gain.