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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?


To: Tom K. who wrote (1165)4/11/2000 10:47:00 PM
From: Vol  Respond to of 1235
 
...If you keep a LEAP for more than 12 months, the gain qualifies as a long term capital gain for tax
purposes.....

Robert, good point. Unfortunately, I close mine out as I need them and don't take advantage of the LT gains.
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If you buy a LEAP and hold it more than a year then you get LTCG tax rate when you sell. Selling an option is always taxed as a STCG.