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: George Sepetjian who wrote (783)	3/19/1998 1:22:00 PM
From: Colin Cody	Read Replies (1) of 5810

George, If the stock gets called (after you write a call) you may show the sale EITHER way as you described, IMO. . Do which ever way is clearer for you. . 1099-B forms do no show proceeds from CBOE options. . I am happy to discuss some areas of tax law that I am familiar with, but I don't wish to discuss tax evasion techniques here. Suffice it to say, the call-writing option proceeds as described here by you are taxable. I believe they are classified as long-term/short-term based on the acquisition date of the stock called, if called; and on the cover date, if covered. . Colin

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