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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (9636)2/15/1999 2:18:00 AM
From: FruJu  Read Replies (2) | Respond to of 14162
 
Thanks for the reply Herm...

Actually, with regards to the second question, my broker's 1099B's don't even report any of my option transactions! I'm wondering since they don't report them to me, maybe I don't need to report them to the IRS :)



To: Herm who wrote (9636)2/15/1999 11:33:00 AM
From: Kalman  Read Replies (1) | Respond to of 14162
 
This is another beauty of CCs. If you write a LEAP you collect the premiums this year but for tax purposes you don't have to recognize anything until the call expires. Also when you roll forward your calls to next year you get a tax loss this year but you defer the gain on the stock to next year.

Great thread!


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