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

To: FWS who wrote (4597)11/20/2006 2:51:25 PM
From: alanrs  Read Replies (1) | Respond to of 5205
 
It's all short term cap gains/losses. I use Gainskeeper to keep track. A lot of home accounting software doesn't handle options or wash sales well. You can do options in a Roth or Regular IRA.

If you are new to this, the best tool I've run into is this thread starting at post #1. I would read the first few 100 posts at least. It will save you a huge amount of time.

ARS



To: FWS who wrote (4597)11/20/2006 4:34:03 PM
From: Bridge Player  Respond to of 5205
 
I strongly urge you to either get a copy of IRS Pub 550, Investment Income and Expenses, or else download a copy of same from the irs.gov website and study thoroughly the section on options.

Be aware that it is always possible, although unlikely this year, that contents may be updated somewhat for the 2006 version when it is available.

Edit: Especially if you do your own taxes.


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