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Financial Planning / Tax Strategies
|Subject: Re: Question on Reporting Short Options Position||Date: 3/2/2013 12:31 AM|
|Author: 0x6a74||Number: 117936 of 121114|
For instance: I wrote a put option on June 11, 2012 and bought it back on July 10, 2012. The report from my broker (as imported directly into Turbo Tax) lists June 11, 2012 as my "Date Acquired" and July 10, 2012 as my "Date Disposed".
Is that correct treatment, or is June 11 my "Date disposed" and July 11 my "Date acquired" because it was a written (short) position? And if the brokerage messed up the dates, will I need to correct them, or will the IRS not care because it's short term anyway?
Similarly, I had some written call options (covered with longer term bought call options) where the 8949 form lists the acquisition date before the disposal date, even though the opening position put me short the calls.
something similar happened to me with Turbotax
all my options, they put Close date (expired or 'bought back') in both Date Acquired and Date Sold.
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