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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: NateC who wrote (10553)	4/27/1999 10:14:00 AM
From: David Wright	Respond to of 14162

Roger, The trade reporting by brokerages is very spotty. Some, like DATEK, give you a great, downloadable sheet, that covers all trades, as far back as you want to go. Others, like my "favorite" Ameritrade, give you virtually nothing useful to download. In addition, they are not obligated to report option trades on a 1099 to the IRS, and of course, they don't. Also, none of them report anything on stock trades except sales. The other bad news for you "investors" is that the handling of option trades against your long term investments can severely affect how gains from the sale of the stock are taxed. McMillan has a whole section on it, although his stuff might be dated, since our government changes the tax code every 3 minutes anyway. I'm a trader, so I just report it all as short term. As we traders say, if you have to pay taxes on your trading...that's GOOD! Means you got ahead of the MMs momentarily.