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


To: Math Junkie who wrote (50177)8/3/2001 6:57:52 PM
From: Tito L. Nisperos Jr.  Respond to of 70976
 
Yes. Gains and losses in LEAPs and other Options are reported in the Form Capital Gains and Losses just like those of Stocks and Real Estates. Be aware also that Options are "substantially Identical" to its Underlying Security (1 Call or Put = 100 Shares of the Stock) so you have to follow the Wash Sale Rule in selling one at a loss and then buying the other within 30 days.