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Hmmmmm........

Profit from LEAPs or Stock Options that expire more than 12 mos from day of purchase is treated as Cap Gains. Options are derivatives which is the same classification as commodity and currency contracts.

A few years ago the IRS declared that profits made from BitCoin trading would be treated as Cap Gains. BC is a virtual currency, and only trades in a commodity like market.

Profit from Options, Commodities, Currencies etc is generally short term (ie captured less than 1yr from date of purchase). Short Term Cap Gains are taxed as income. Long Term Cap Gains are subject to a lower tax rate.


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  • Hmmmmm........ - Ross 15:11:13 05/02/21 (0)

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