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


To: Shawn M. Downey who wrote (1577)12/10/1998 9:15:00 AM
From: Colin Cody  Read Replies (1) | Respond to of 5810
 
Shawn, But am I responsible for short term capital gains
on the whole open premium at the end of the year assuming I do not close the position?


Generally, NO. Not until they #1 expire #2 are bought to cover
#3 become worthless (ie: out of business) ex. FPAM

Colin