Wednesday, November 24, 2004

Trade: XXIA

Bought 100 XXIA @14.10 Mental stop loss @12.8 in my IRA
2 XXIA December call @0.4 in anticipation of a major breakout. Hold till expiration

I am not sure what the tax rules are but if let's say that sometime the stock goes to 14.8 and I sell a call in my IRA. Then it closes at 14.9 and I let my brokerage calls expire worthless.. how will I be taxed? If anyone knows..

I am definitely going to pay more than I made to the tax man and his cronies (H&R block types)


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