SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: g forrest who wrote (15213)12/26/1999 3:26:00 AM
From: Dale Baker  Respond to of 19700
 
Options are deemed worthless once they expire, like shorting a stock that goes bankrupt. Eventually you have to say the asset is gone and a profit or loss has to be realized.

So you write off the loss from a call when it expires and report the premium for a covered call when it expires, not when you sell it.

The IRS Tax thread on SI has some good stuff on this in the last few posts.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News