Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Cents who wrote (681)	2/28/1998 1:57:00 PM
From: Colin Cody	Read Replies (1) of 5810

Yes when CBOE options expire worthless they are a capital loss on the date of expiration, unless taken as a worthless security earlier... If the option is exercised, it becomes part of the basis (or I believe it's part of the SALE price in the case of a put) Colin

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