The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/tax-rolling-options-29922976.aspx

Subject:  Tax ?...rolling options Date:  3/20/2012  12:58 PM
Author:  mpfdCPT Number:  115572 of 121572

Hi Fools,

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,

mpfd
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us