The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Tax ?...rolling options||Date: 3/20/2012 12:58 PM|
|Author: mpfdCPT||Number: 115572 of 125422|
1. Does rolling written puts/calls out to a new month and/or different strike at a loss to that original option carry a wash-sale to the new option? (Of course same underlyer)
I think I am hearing here that it does not...only if the CUSIP is the same (and that won't happen once you change month or strike). I have been counting roll outs as wash sales when rolling an option that was currently losing.
2. This year my broker sent me no option activity on my 1099...though I made a load of option trades. Is that OK? Am I just on my honor reporting my option trades this time?
I'm hearing that some brokers don't send option transactions(nor are actually required to) . This would be a first for me. True?
Thanks a ton,
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