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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Kalman who wrote (9864)3/4/1999 8:28:00 AM
From: Herm   of 14162
 
Hummmmm? Yeah! That's another little quirk I should restate. You are right that it is taxable on the expiration date or closing transaction date. Normally, I don't worry about the taxes since I concentrate so much on the chart action. My DLJ Direct brokerage does an excellent job of summarizing yearly taxable transactions of what is due that I don't pay attention to that as much as I should. I figure if I owe taxes I will just generate some more profits to pay for it! :-)

Thanks for bringing that to my attention!
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