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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Herm who wrote (5961)11/24/1997 1:11:00 PM
From: Roger Louis  Read Replies (1) of 14162
 
Herm & All.... This question was asked in Blue Print, a publication from the Option Industry Council. " I wrote a covered call option this year, but the expiration date is next year. In what year is the money received reportable, this year or next year?......... The Answer, " Under most circumstances, the premium received in writing the call is not reportable at the time of receipt, but rather when either the writer closes out the position, the option expires worthless or stock is delivered as an assignment notice. If, for example, the writer closed out the option this year, the premium would be reportable this year; if the option were held until next year, the premium would be reportable next year."
This is my first year writing options so I found this very interesting. But with all the new tax laws, better check first!
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