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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (1876)	2/12/1999 9:53:00 PM
From: Nelson Chang	Respond to of 5810

>>>To: Nelson Chang (1873 ) From: mod Friday, Feb 12 1999 8:44AM ET Reply # of 1876 >>>If one sells call options in December..with expiration in Feb. Does the income one gets from the calls go on the 98 or 99 return? Thanks. <<< >>98.<< I say 99. Same as any other short sale, you report the income when you cover or at expiration. <<< OK I see where your coming from. The original poster is a bit unclear. When you say sell, are you selling short or are you selling to close your initial position. I took it to mean you were long, and sold in 98. So it must be reported 98. But if you are selling calls short, and cover in 99, then yes 99.