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TMFJeanie writes:

I'm a bit confused with your reference to "two years". If you received both lots during 1998, then it would appear that you've already reached the long-term capital gains requirement of having held your remaining stock for more than one year.

I reply:

The original poster has ISOs. Any sale of those shares which occurs no more than one year after the shares were purchased or two years after the options vested is a "disqualifying disposition," making the bargain element subject to tax as ordinary income. --Bob
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