Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.