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To: Mr. Aloha who wrote (11923)12/24/1997 2:33:00 PM
From: Gary Hoyer  Read Replies (1) | Respond to of 25960
 
Simple TAX question. Can I deduct worthless expired CALL options? If I let them expire worthless can they be deducted just like a sale of stock at a loss?

Thanks,
Gary.



To: Mr. Aloha who wrote (11923)12/24/1997 3:57:00 PM
From: ben luong  Read Replies (1) | Respond to of 25960
 
I believe IRS goes by the trade date and not the settlement date if I remember correctly how that's recorded on the schedule D. Rule changed?



To: Mr. Aloha who wrote (11923)12/25/1997 10:28:00 PM
From: Gemini  Respond to of 25960
 
I always thought it was the trade date and not the settlement date,
but I'm not 100% positive about that.