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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: Casaubon who wrote (9861)	3/3/1999 4:52:00 PM
From: George Theodorou	Read Replies (1) \| Respond to of 14162

To all, Once you write a covered call and it expires worthless (hopefully) how do you handle this on your taxes. Does it lower your stock basis or is it a taxable event itself. Thanks, Geo Theo

To: Casaubon who wrote (9861)	3/3/1999 8:31:00 PM
From: Herm	Read Replies (2) \| Respond to of 14162

I use stocksmartpro.com. They offer a two week freebie trial and only cost $12.95/mo. for the basic services. Good data goes a long way to get the big picture. Without stats you would be trading blindly at higher risk. If you are looking for dogs to short it would pay to know which ones. The answer to the other question is that a purchased worthless expired option is a (short term/long term) loss in the tax year it expires. If you sold an CC option and it expired worthless then that is a (short term/long term) gain (income) in the tax year it expired.