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To: PAL who wrote (102838)2/19/1999 9:27:00 AM
From: Mike Gordon  Read Replies (1) | Respond to of 176388
 
PAL

As an experienced option writer, I can advise that from a non sheltered account, all gains/losses are reported separately as:

A. Sale of Put equals gain at expiration.
B. If the stock is put to you, the basis is the strike price less commission.
C. Sale of the covered call equals gain at expiration.
D. Sale of stock, if exercised, is treated as a gain/loss less
commissions.

Hope this helps,

Mike Gordon