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

To: Box-By-The-Riviera™ who wrote (364)	12/31/1997 12:13:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 5810

Yes IMO, they most definitely are subject to the same rules as stock sold voluntarly. There MAY be a court case of someone who took a different view, but I have no cite. . The Code says the 61 day window must not include a BUY. There are lots of exceptions, as we've discussed. None of the exceptions deal with THE REASON your stock was sold (at a loss). . If they DID have an exemption, then the tax-scam would be simply to write a deep-in-the-money call for the current expiration month, rather than "voluntarly" sell the stock outright. . Colin