Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Colin Cody who wrote (364)	6/23/1998 7:42:00 PM
From: Dragonfly	Read Replies (2) \| Respond to of 1383

I read recently that now capital gains that are held for more than 18 months before realized are taxed at a lower rate. Does this apply to options contracts that are held for > 18 months (LEAPS) before being sold or exercised? IF exercised, is it counted as a capital gain, or is it only a capital gain when you then sell teh underlying stock you bought when exercising the options? Dragonfly

To: Colin Cody who wrote (364)	6/24/1998 3:38:00 PM
From: WallStBum	Read Replies (1) \| Respond to of 1383

I just see too many people that have thousands and thousands withheld from their paychecks, but if I get them a $300 refund, they're elated. They've got no clue what they're paying in total and even less clue where that money goes. Having to send in your taxes in a monthly check would wake everyone up to the enourmous tax burden we carry. It will never happen though for obvious reasons; Dick Armey briefly suggested it a couple years ago and he was almost laughed out of the House. dax