The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax ?...rolling options||Date: 3/20/2012 2:15 PM|
|Author: 0x6a74||Number: 115578 of 121175|
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?
That's what the broker is supposed to do. Options trades are not reportable on Form 1099-B. The effect of option execution on the underlying security's trades is reportable by the appropriate adjustment to the cost basis or sales proceeds.
just to clarify --they are not required, they ARE allowed, yes?
.. my 1099-Bs do have options activity
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|