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To: tcmay who wrote (173104)2/18/2003 10:56:25 AM
From: miraje  Read Replies (1) | Respond to of 186894
 
but I believe the income from a covered call is reportable for the tax year in which the income was realized, not a year or two years later when the covered call expires worthless (if it does).

It's my understanding that any gain or loss from an option position is not recognized for tax purposes until the position is closed out or expires. If this is not true, then I'll need to amend some past returns...

-JB