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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: jjs_ynot who wrote (1046)12/7/1999 11:32:00 PM
From: Hectorite  Read Replies (2) of 2317
 
Hi, I've got a practical question. I've done far more option trading this year than any other, with over 150 total transactions (opening and closing). I'm starting to get a sick feeling about doing my schedule D this year. Do you have any tips on how to condense the transactions in a way that's cool with the IRS? Clearly the two transactions involved with opening a spread can be mashed into one "cost." But for the same underlying, can you just consolidate all the short term gains into one line? I would hate to have to account for every transaction separately.

Thanks,

H.
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