SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (73597)6/8/2000 10:35:00 PM
From: waverider  Read Replies (1) | Respond to of 152472
 
Are you sure? I emailed the IRS and they came back with this:

"In my opinion, the time frame (expiration) is the only truly distinguishing characteristic. While we could argue that the price also differs, that's just the volatility of the market affecting the price of the stock/option. Since the time frame is relatively short, in my opinion, it favors the conclusion that the securities were substantially similar. I'm relatively sure this would be the government's contention should this issue be the subject of an audit..."

What do you think?

Rick



To: Ibexx who wrote (73597)6/9/2000 5:28:00 PM
From: TigerPaw  Read Replies (2) | Respond to of 152472
 
30-day wash rule.

What about securities trades in an IRA, since you aren't claiming a gain or loss until you remove the funds is there a wash-rule of some sort involved?
TP


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News