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Strategies & Market Trends : The Options Box
QQQ 625.46+0.4%Jan 26 4:00 PM EST

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To: Poet who started this subject4/13/2001 2:22:30 AM
From: Joey Smith  Read Replies (3) of 10876
 
Option Tax Related Question:

I sold puts in 2000 & then excercised the puts & bought the underlying stock. I currently still own the stock. Is there any tax consequence for 2000? I'm assuming that the premium I received in 2000 reduces my cost basis for the stock, & the only tax consequence is when I sell the stock.
I dont have to report the put premium as income in 2000, do I?

Thanks in advance,
Joey
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