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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (39437)	3/9/2002 3:24:37 PM
From: mishedlo	Respond to of 99280

They just do not. However, you still have to report the gains. M

To: Cactus Jack who wrote (39437)	3/9/2002 4:39:00 PM
From: Jdaasoc	Respond to of 99280

Any idea why option trades often don't show up on a 1099? ST traded broad based index options such as S&P and NDX do not have to be treated as ST G/L. There is special code of IRS rules giving reduced tax rates -- some 40/60% STLT treatment -- that may be why several firms are not listing them as ST or LT or even at all as you seem to indicate. They are still taxable and if it gets closer to Apr 15 I will remember to describe the form that the trades go on and the IRS rule # as well. I had two CPAs look at me like I was from Mars when I pointed this IRSD rule out. I think that you have net losses it really doesn't matter about special treatment. <g>