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I have been trading options on a fairly frequent basis (3-4x/wk) Do I need to list each option transaction or can I just summarize to gain or loss for calendar year?

thanks
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No. of Recommendations: 0
[[I have been trading options on a fairly frequent basis (3-4x/wk) Do I need to list
each option transaction or can I just summarize to gain or loss for calendar year?]]

Nope...you can't summarize...unless you provide backup worksheets that detail each and every transaction similar to the Sch D layout. The law is clear on this.

If you are doing all of this trading without a tax program to keep thing reported and in line, you are truely foolish.

TMF Taxes
Roy
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