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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: hpeace who wrote (214)11/21/1997 11:16:00 AM
From: Mike Hagerty  Read Replies (1) of 5810
 
To anyone--A question--
If I sell naked puts that expire in Jan will I have to count the $ I get as profit for 1997 (assuming I don't buy and cover by Dec. 31) even though they might result in a loss later?

Same question for selling stocks short. If I haven't covered by Dec. 31 does all of it count as profit even though I might buy and cover at a loss Jan 1, 1998?

Thanks in advance.
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