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

To: Kaye Thomas who wrote (492)9/17/1998 2:34:00 PM
From: upanddown  Read Replies (1) | Respond to of 1383
 
Kaye:

I have some in-the-money calls that I may hold to expiration and then exercise. These calls were, of course, purchased in a taxable account. I also have a tax-deferred account at the same brokerage. My question is whether I can use the cash in the tax-deferred account to purchase the shares tendered to me by the exercised call. I talked to some kid at the broker and his response was "ummmm...dunno".

Thanks,
John


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