Question....
Say you bought the options at 2c (excercise price 10c).
The options are not in the money...
If you let em lapse (expire), from a Tax point of view, can you claim it as a tax loss?
If not, wouldnt it be better (from a tax point of view) to excercise the option and YES, pay more for the stock than what you would compared to its current share price of 9c but this way, you dont lose out on the tax loss??
Does that make sense what I am asking?
fms options expiring sept 09
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