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

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To: Colin Cody who wrote (938)4/5/1998 6:29:00 PM
From: B4TheBell  Read Replies (1) of 5810
 
Colin,

IRA accounts allow covered call writes (if approved for option writing). A debit balance incurred through a transaction can be offset through a covered call write if desired.

Now to pose a question... How do I record the dates on Sched. D
for short transactions?

i.e.
4/15/97 sold 100 shares XYZ Corp. (short)
4/16/97 sold 100 shares XYZ Corp. (short)

4/22/97 bought 200 shares XYZ Corp. (cover)

Do I put 4/22 as "date acquired" in column (b) and 4/15, 4/16 as
"date sold" in column (c)?

Any help appreciated...

B4

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