I am long stock with a low cost basis.
I sell call options against the stock.
The options are assigned obligating me to sell shares.
Can I avoid tax on the original shares by buying new shares to offset the shares sold in assignment?
What is the tax code and procedural requirements to do so?
I sell call options against the stock.
The options are assigned obligating me to sell shares.
Can I avoid tax on the original shares by buying new shares to offset the shares sold in assignment?
What is the tax code and procedural requirements to do so?