Search results

Richard and Don, Thank you for your responses. They both raise a couple more questions in my addled head. Richard, regarding your statement "The tax consequences I believe is that the equity is no longer considered held"long" term... In other words once sold you have to book the gain as...

Does anyone really know the tax details relating to options and the wash sale rules? I've read some of the tax code but do not completely understand its implications. Below is a sample scenario I'm attempting to understand: 5/17/07 Buy 100 shares of company XYZ at $14.75 5/17/07...