Dear Board members,Here's a long question.I have some stock options at the company I work.I had a question on exercising my stock options.Lets say I exercise my options and sell them before1 year, will my gain be short-term capital gain orwill it be ordinary income (same as exercise and sell on same day - cashless transaction). Why I ask this is because I made a lot of losses on internet related stocks and want to offset my loss with gain from stock options. But as I understand it now, I cannot offset my loss if I do a same day sale.Thanks for all replies.
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