Can you write off as a loss the price you paid for options you never did anything with?fourthefunofit,Greetings. If you purchased a stock option which expired you have a capital loss. This loss is normally reported on Schedule D along with stock gains and losses. (Write "Expired" in the space for the sale amount.)If you had offsetting positions open at the same time (for example, if you bought both a put and a call) on the same stock, you will have created what the IRS calls a "straddle" and report your gain(s)/loss(es) on Form 6781.Good Luck,Z
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