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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (2438)	1/23/2023 10:16:38 PM
From: robert b furman	1 Recommendation Recommended By Elroy Respond to of 2591

Hi Elroy, I'm not sure on that scenario. I have sold puts and bought to close them and then sold them again and they expired. On my 1099B - it was reported as a combined trade - not a potential wash situation. I would not worry about it. Go to your trade platform and see if it shows the trade as realized trades/losses or not.(I use TDA's Think of Swim platform). See how the 1099 B reports it. If correct go with it. If not there are codes by which you can describe the actual events. Bob

To: Elroy who wrote (2438)	1/24/2023 6:38:13 PM
From: TheNoBoB	Read Replies (1) \| Respond to of 2591

Re: Options and taxes will the purchase on the same stock same stike March expiration puts cause the "wash sale" rule to prevent me from realizing the Feb capital loss? AFAIK, the Treasury hasn't issued any rulings clarifying application of the wash sale rules to options. But since buying a call option triggers a wash sale from a stock loss, I'd think it's a safe bet that any other options position on that underlying would also trigger on an options loss. The good thing about an options position is that it can't be forever. It'll eventually clear the wash sale one way or the other unless you do something like recognize the loss in a taxable account and trigger the wash sale in an IRA.