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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Id who wrote (3786)5/30/2002 1:33:23 PM
From: Mike Buckley  Respond to of 5205
 
Id,

And, by the way, I think I have my taxes on capital gains prepaid through 2050.

A good friend of ours recently commented that his taxable account is for all practical purposes no longer a taxable account.

--Mike Buckley



To: Dr. Id who wrote (3786)5/30/2002 2:36:16 PM
From: Dan Duchardt  Respond to of 5205
 
True, though I think he was talking about replacing a position in which he had capital gains.

Yes, he was. I just thought it might be good to also mention a somewhat similar situation, where US rules do involve a basis adjustment and deferral of tax deduction.

Dan


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