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Strategies & Market Trends
Income Taxes and Record Keeping ( tax )
An SI Board Since September 1997
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5810 438 0
Emcee:  Zeuspaul Type:  Unmoderated
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5485If a stock goes ex-dividend in December but the dividend isn't paid until JaElroy-12/7/2012
5484sold some gold coins last year: I cant see how to enter them into Turbotax as a NOW-10/13/2012
5483A Strategy of Tattletales at the I.R.S. By VICTOR FLEISCHER DealBook New YorkGlenn Petersen-9/20/2012
5482I might have asked this before, but I'm asking again. I have two stocks whiElroy-8/27/2012
5481I have stock A that I've held for many years. Recently, I bought some shortElroy-8/9/2012
5480Yep..that's what I thought....no hobby rules here just hoping to recover somShoot1st-8/5/2012
5479You carry forward the business loss to another year where you can write them offSergio H-8/5/2012
5478One spouse is 1099 with deductions in excess of gross income. Other spouse is W2Shoot1st-8/5/2012
5477Hi Elroy. IRS Pub. 550 contains your answer. I think you previously said that yoSergio H-8/3/2012
5476Let see, there are two high yield stocks that I compare, and I want to short oneElroy-8/2/2012
5475Sorry, having a bad day and couldn't resist. I knew it wasn't Sergio buwillcousa-7/18/2012
5474Dont blame Sergio It was me with the "simplistic" comment. Didnt mean deeno17/18/2012
5473Hi Will. I agree. When the question first came up, I posted that the totals for Sergio H-7/18/2012
5472I confined my "simplistic" answer to covered calls. You adjust the bawillcousa-7/18/2012
5471In the money or out of the money makes no difference for tax purposes. There iSergio H17/16/2012
5470I believe calls written in the money have an assumed sale tag and they may affecdeeno-7/16/2012
5469The calls were definitely in the money. I sold $16 NLY calls when NLY was $17.1Elroy-7/16/2012
5468I do not beleive you are correct. its much more complicated than that. Just onedeeno-7/16/2012
5467Just to amplify what has been said - the covered call premium reduces your basiswillcousa-7/16/2012
5466Thanks!Elroy-7/9/2012
5465Hi Elroy. The option trades are not reported to the IRS, but the gain or loss frSergio H-7/8/2012
5464Question on income tax accounting for covered call sales. This year I bought soElroy-7/8/2012
5463Thanks, it was interesting to read the bit about how the law applies to expatriaElroy-7/7/2012
5462Here is some info for you Elroy on the new ACA taxes and how they may effect ex-Brian Sullivan-7/7/2012
5461I've never even itemized deductions, is out of pocket baby birth medical expSergio H17/6/2012
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