Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (438)	7/26/1998 12:26:00 PM
From: Colin Cody	Respond to of 1383

When entering expired options on gain/loss worksheet....do you leave the date sold empty? NO, you show the third Friday of the expiration month - which is the date they expired. . You then write in "EXPIRED" under the Price/Proceeds column. . If the options were WORTHLESS (rather than expired) see FPAM call options for example, then you do not put in the expiration date, rather you write "WORTHLESS" across both the sale DATE and PRICE columns. . My other mistake.....I have a short sale on the worksheet so the sales date preceeds the acquire date....is this a problem? Not at all, but I generally add to the description as such: "1,000 shares IBM (short sale)" . Colin