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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (42278)2/15/2001 10:43:06 PM
From: advocatedevil  Respond to of 70976
 
Thanks Jan <eom>



To: Jan Crawley who wrote (42278)2/15/2001 10:52:13 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
OT re taxes:

Options held over a year get long-term cap gain treatment. I know this, because I've done it repeatedly.

I've never held a short for 12 months, but I think that (assuming it isn't part of a hedge), it would also qualify as long-term.

I'm not an accountant, and am entirely self-taught re tax rules.


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