Nov
10
How does the wash-sale rule apply towards debit spreads’ trading?
Filed Under United States | 3 Comments
malivo asked:
I understand the implications with the wash-sale rule with stock and option’s trading, but it is interesting to see how it works with debit spreads, where for example you buy one 50 December call of *** and in the same time sell one 55 December call of ***.
MOESCH
I understand the implications with the wash-sale rule with stock and option’s trading, but it is interesting to see how it works with debit spreads, where for example you buy one 50 December call of *** and in the same time sell one 55 December call of ***.
MOESCH
Jul
21
Buddy asked:
For index option trading, there is a 60/40 rule. 60 percent of the profit is considered long term capital gain. 40 percent is considered short term capital gain. Does anyone how to report this in turbox so that turbotax knows the 60 percent part is for long term capital gain?
For index option trading, there is a 60/40 rule. 60 percent of the profit is considered long term capital gain. 40 percent is considered short term capital gain. Does anyone how to report this in turbox so that turbotax knows the 60 percent part is for long term capital gain?
Thanks.
Thanks.
BTW, I use turbotax online. How do I manually override with long term capital gain?
CASLIN
Mar
29
How are the earnings from Options trading reported to IRS by brokers?
Filed Under United States | 3 Comments
xlcr asked:
I have some earnings from trading in options on stocks in the share market. My broker has informed me that no form 1099 is issued in respect of earnings from options trading. That being so, how does the IRS know what earnings an options trader had in a given year?
DAMBROSI
I have some earnings from trading in options on stocks in the share market. My broker has informed me that no form 1099 is issued in respect of earnings from options trading. That being so, how does the IRS know what earnings an options trader had in a given year?
DAMBROSI