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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: MKB who wrote (4912)	1/21/2000 1:48:00 PM
From: William	Respond to of 24042

If I write covered calls (against my stock, JDSU) and I am called and sell the stock at strike price, do I pay taxes on the gain? Or do I gain time until the stock is actually sold by the subsequent owner? When the option is exercised (called), you have a sale. Your broker charges you a commission, you get a confirmation, the stock is gone. That is your date for the tax folks. Even an early exercise, if a say July call is exercised in May, May is the date for your sale. William