How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: FruJu who wrote (9638)	2/27/1999 3:49:00 PM
From: Georgeb	of 14162

"my broker's 1099B's don't even report any of my option transactions! I'm wondering since they don't report them to me, maybe I don't need to report them to the IRS" As you probably know, options trades are capital gains, even though your clearing house and brokerage firm don't report them. The IRS does not require them to report margin interest or options trades. I don't know the reason for this, since as far as I know, the IRS doesn't have any way of knowing this info unless they look at your personal statements during a live audit. Does anyone know why clearing houses/brokerage firms don't have to report options trades?

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