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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (66)2/17/1998 10:16:00 PM
From: paul boudreau  Respond to of 1383
 
Thanks for the reply. I didn't remember that definition in the instructions last year so I was a little confused.



To: Colin Cody who wrote (66)2/17/1998 11:14:00 PM
From: K. M. Strickler  Read Replies (1) | Respond to of 1383
 
Colin,

I have enjoyed this whole thread!

All my investments are in an IRA, so consequently there is no tax problem until I take the money out! I can trade without any tax problem!

Regards,

Ken



To: Colin Cody who wrote (66)2/18/1998 2:26:00 PM
From: Ira Player  Respond to of 1383
 
Colin,

Another one at the edge ...

If ISO options are exercised and Alt min tax is triggered as a result, could it be argued that the interest on the money sent to the IRS as a result, if borrowed by margining the stock purchased, is deductible.

Since the tax became due as a result of the transaction, it is, in actuality, a cost of taking the position. The IRS probably doesn't see it that way ...

Enjoy the ride,

Ira


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