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Message: Help regarding Flowers Options

Re: Help regarding Flowers Options

posted on Sep 20, 2007 08:02AM
There is one advantage to converting his options at the current price.  If he waits and converts when the price is say a dollar, he must pay taxes on the difference ($0.55) and establish a new price base of $1.00.  If he converts now his base is lower and he will not pay taxes until he sells his stock in the future.
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