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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (24385)	4/14/1999 1:05:00 PM
From: The Phoenix	Read Replies (2) \| Respond to of 77397

Each security you own has a cost associated with it. If you purchased AMT options then you also have a tax consequence associated with it. When you sell those options you exhaust that consequence and MUST be credited with taxes paid - period. There is no other way around this. So, if you had an option - say at $10, exercised at $50, you paid AMT on $40. Then you hold for a year and sell at $100. You pay capital gains on $90 but MUST be credited back the AMT tax paid on the $40. You can not disassociate these taxes from this security and allocate to a future date. See what I mean? OG