Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: Ump90 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: LT Capital Gain Date: 5/14/1999 5:20 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Hello,
I do not think this will be a FAQ. I believe I read in Barron's one time that if you sell on option on a stock that you have owned the 1 year LT Capital Gains requirement would start from the time you sold this option even if this stock had already been held for a year. My accountant was not aware of this which made me question two things. 1.) Was I correct in my understanding of the Barron's article? 2.) Is my accountant knowledgeable in stock and option transactions and their tax ramifications? Is the type of option sigmificant if this is true? Does it matter if you write or buy the option? Does anyone out there feel qualified to answer this or could you refer me to a source that could. Thank you. It's great having these type of forums to turn to to try and get questions answered.

HBT
Print the post Back To Top
Author: huffboy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 15513 of 121061
Subject: Re: LT Capital Gain Date: 5/16/1999 1:49 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I am assuming you excercised the option bought the stock and later sold it. If this is the case the beginning of the holding period of the stock is the date you actually aquired the stock and excercised the option.

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement