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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Gary who wrote (209)	11/22/1997 3:04:00 PM
From: WallStBum	Respond to of 5810

Thanks for the quick response. I guess I'm still confused however as I don't see a warrant being "substantially identical if they are same in all important particulars." However, I concede that the IRS classifies options as substantially identical, and the only real difference I note between options and warrants are the issuer. I really don't know what to do here. My hope is there is no wash. Ted Tesser suggests using the loss proceeds to contribute to your retirement plan and repurchasing within your IRA or whatever and the repurchase is treated as being purchased by a separate entity. Pretty clever, but what if your over $2,000, or you've made your contribution already. bum