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When filling taxes on income from a covered call do you use 0 for the cost?

2007-04-14 14:45:33 · 1 answers · asked by cmac 2 in Business & Finance Investing

1 answers

Option sales are not reported on a 1099 because the government does not require them to be reported on a 1099.

When filling out taxes for a short option position that expired worthless your cost is zero and the purchase date is the expiration date.

2007-04-14 15:24:45 · answer #1 · answered by zman492 7 · 1 0

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