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Option gains and losses are reported on Schedule D the exact same way as stocks and other capital assets. If an option expired worthless, you write "expired" instead of the dollar amount under sales price (in the case of options you purchased), or under cost or other basis in the case of options written. Your total sales amounts will exceed the amount reported to you on 1099B , which is ok. Previously, you had to explain any difference; you no longer do, unless the amount reported is less than the amount on 1099B
Bob
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