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Re: heldnova post# 6164

Friday, 12/08/2017 3:03:03 AM

Friday, December 08, 2017 3:03:03 AM

Post# of 17389
From Forbes

7. Sell the stock, buy a call option on it. A share of Facebook worth $27 and a call exercisable at $30 are not at all the same thing. But you run into another problem here. The wash sale statute says you can’t have a “contract or option to acquire” the security you’re selling. A call option on Facebook, no matter the strike price, is an “option to acquire” Facebook.

https://www.forbes.com/sites/baldwin/2012/06/05/wash-sale-trap-what-is-substantially-identical/3/#1bdf8ff88a75

Rick
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