Message Font: Serif | Sans-Serif
No. of Recommendations: 0
The correct question is 'is it still worth paying the $29 in commissions so as to register a tax loss to offset my taxable gains in TY 2001?' as you will get the loss when the option expires worthless next year.
You are right, of course. I realize that I can take the losses next year instead of this year. I did not go into details bacause the actual situation is more complicated, including the mix of long term vs. short term I just wanted to make sure that there was nothing intrinsically wrong with paying $29 in commissions!
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.