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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Tax ?...rolling options Date: 3/20/2012 2:37 PM
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just to clarify --they are not required, they ARE allowed, yes?

.. my 1099-Bs do have options activity


Well, I suppose they are allowed. But I really doubt they did.

Take a close - a very close - look at the options activity you're thinking is on a 1099-B. My guess is that it will say this information is for your reference and is not reported to the IRS.

It comes with the 1099-B, but it's supplemental information for your use and not actually a 1099-B.

I know I'm sounding a bit pedantic here, but sometimes those little details make a difference. And they're making more of a difference this year. Assuming my guess is correct and these options are not on a 1099-B, you'll need to initially enter the options activity on a separate Form 8949, marking box (C) at the top to show the activity is not on a 1099-B. In your tax software, there will be some kind of check box or option box for you to indicate this.

--Peter
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