Add training workflow, datasets, and runbook

training_data/curated/text/4fcf61d5a4749ae79c21dcfb36207dead9bcbee47a01d2405604e6a75901c5ea.txt

@@ -0,0 +1,38 @@
+Chapter 41: Taxes 923 
+able to participate in any rally in the stock in the next 30 days. If the underlying 
+stock has listed put options, the investor may be able to partially offset this neg­
+ative effect. By selling an in-the-money put at the same time that the stock is 
+sold, the investor will be able to take his stock loss on the current year's taxes 
+and also will be able to participate in price movements on the underlying stock. 
+If the stock should rally, the put will decrease in price. However, if the stock ral­
+lies above the striking price of the put, the investor will not make as much from the 
+put sale as he would have from the ownership of the stock. Still, he does realize some 
+profits if the stock rallies. 
+Conversely, if the stock falls in price, the investor will lose on the put sale. This 
+certainly represents a risk although no more of a risk than owning the stock did. An 
+additional disadvantage is that the investor who has sold a put will not receive the div­
+idends, if any are paid by the underlying stock. 
+Once 30 days have passed, the investor can cover the put and repurchase the 
+underlying stock. The investor who utilizes this tactic should be careful to select a put 
+sale in which early assignment is minimal. Therefore, he should sell a long-term, in­
+the-money put when utilizing this strategy. (He needs the in-the-money put in order 
+to participate heavily in the stock's movements.) Note that if stock should be put to 
+the investor before 30 days had passed, he would thus be forced to buy stock, and the 
+wash sale rule would be invoked, preventing him from taking the tax loss on the stock 
+at that time. He would have to postpone taking the loss until he makes a sale that 
+does not invoke the wash sale rule. 
+Finally, this strategy must be employed in a margin account, because the put 
+sale will be uncovered. Obviously, the money from the sale of the stock itself can be 
+used to collateralize the sale of the put. If the stock should drop in value, it is always 
+possible that additional collateral will be required for the uncovered put. 
+THE SHORT-SALE RULE - PUT HOLDER'S PROBLEM 
+A put purchase made by an investor who also owns the underlying stock may have an 
+effect on the holding period of the stock. If a stock holder buys a put, he would nor­
+mally do so to eliminate some of the downside risk in case the stock falls in price. 
+However, if a put option is purchased to protect stock that is not yet held long enough 
+to qualify for long-term capital gains treatment, the entire holding period of the stock 
+is wiped out. Furthermore, the holding period for the stock will not begin again until 
+the put is disposed of. For example, if an investor has held XYZ for 11 months - not 
+quite long enough to qualify as a long-term holding - and then buys a put on XYZ, 
+he will wipe out the entire accrued holding period on the stock. Furthermore, when 
+he finally disposes of the put, the holding period for the stock must begin all over