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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: FaultLine who wrote (27)4/19/2001 10:37:01 AM
From: JGoren  Respond to of 5205
 
the answer there is that when you sell a call, the taxable event is closing the transaction (buying the call back), exercise by the holder of your call, or expiration of the call. therefore, if you sell a call that does not expire until a new calendar year, you recognize the income in the new year, not the old one when you sold it.


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