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I am new to investing and this is my first post to this board...so please excuse me if this question sounds a little novice.

My husband received some stock options to purchase his company's stock at a preset price. Since the stock has risen in price, we were thinking of exercising these options. We were told that you must keep your options for two full years before exercising them or they will be counted as ordinary income and that this is a federal law.

Does anyone have any information to clarify this for me. We do not plan to sell the stock for at least a year after purchase.

Thank you in advance.

LC
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