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I own some call options on a stock currently trading at a
I own some call options on a stock currently trading at a loss that expire on 6/21/19. If I wait until after the expiration and assuming that they are still at a loss, can I purchase new call options … read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
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Is this an option wash sale? I sold Call UVXY 04/20/18 with
Is this an option wash sale? I sold Call UVXY 04/20/18 with a 21.00 strike price on 04/16/18 at a loss. I bought Call UVXY 04/20/18 with a 15.00 strike price on 03/19/18. I sold the Call with a gain. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,480 satisfied customers
Is this an option wash sale? I sold Call UVXY 04/20/18 with
Is this an option wash sale? I sold Call UVXY 04/20/18 with a 21.00 strike price on 04/16/18 at a loss. I bought Call UVXY 04/20/18 with a 15.00 strike price on 03/19/18. I sold the Call with a gain. … read more
taxmanrog
taxmanrog
Master's Degree
1,799 satisfied customers
A taxpayer received two 1099-'s from two different
A taxpayer received two 1099-B's from two different brokerage firms:One reports like this: Brokerage firm 1.Proceeds (column A Cost Basis (column B) Adjustments wash sales( Col C) Gain or loss(Col D) … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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On my W-2, it shows wages in box 1 of $40k that is also
On my W-2 for 2015, it shows wages in box 1 of $40k that is also denoted in box 12 with a 'V' for non statutory stock options income. I asked my company for a 1099-B and their reply was this. "Your pa… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
what constitutes a wash sale for options? I sold an option
what constitutes a wash sale for options? I sold an option on Dec 31 and now want to reestablish a position in the security. If i buy an option with a different expiration date and/or strike price, is… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,620 satisfied customers
In regards ***** ***** options. I have gains this year lets say
In regards ***** ***** options. I have gains this year lets say 4.00. I sold a put on July 15th was assigned stock by August 15th then sold the stock sept 3rd losing 4.00 on that trade. What matters t… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
How do I report (or do I need to report) CALL options on my
How do I report (or do I need to report) CALL options on my 1099 from my broker. The 1099-B says that each transaction is not 1099 reportable but am I still required to report somewhere?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
Exploring section 1031 exchange. Anticipating sale of investment
Exploring section 1031 exchange. Anticipating sale of investment property with $100k LTCG. Unallowed losses to date - $41k. Depreciation recapture - $101k. Based on these #s we expect tax debt of appr… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
I am doing a little day trading and need some help regarding
I am doing a little day trading and need some help regarding short term capital gains. There are 2 situations, I held stock from a company and after 3 months , sold it with a gain and then bought some… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,895 satisfied customers
In 2011 I bought two different pipeline partnerships (Enbridge
In 2011 I bought two different pipeline partnerships (Enbridge and Atlas). I sold one. I sold and re-bought the other (wash sale) and still own it. I received K-1's for each. I also received "applicab… read more
rramsook
rramsook
President/Owner
Bachelor's Degree
305 satisfied customers
Heres the scenario: I sell 100 shares of common stock XYZ
Here's the scenario: I sell 100 shares of common stock XYZ at a loss. I subsequently purchase call options for 100 shares of XYZ, at a strike price that is higher than the loss-sale price. Is this tra… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
What is the correct 2010 tax accounting on this On 12/31/09
What is the correct 2010 tax accounting on this: On 12/31/09 I sold a CAT May 2011 Option Call and collect $243 dollars in my account. On 5/24/10 the price of CAT was below 62.50 so the option expired… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
For purposes of the wash sale rule and transactions involving
For purposes of the wash sale rule and transactions involving both a taxable and an IRA account, what constitutes substantially identical securities ? I am not conscerned with common stock but options… read more
socrateaser
socrateaser
1,506 satisfied customers
I have a question that I couldnt find an answer to anywhere.
I have a question that I couldn't find an answer to anywhere. I will try to explain it as succinctly as possible. I had non qualified stock options that I exercised in a sell to cover transaction. The… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I bought 75 shares of Transocean (RIG) on 8/20/07 for ...
I bought 75 shares of Transocean (RIG) on 8/20/07 for $98.47/share + $23.38 Commission & Fees. Transocean merged with GlobalSantaFe (GSF). Transocean treated it as a Reclassification and Merger. They … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
In 2001 my wife exercised her NQ stock option because it ...
In 2001 my wife exercised her NQ stock option because it was coming due. We sold enough stock to cover the purchase of the stock and taxes. We paid taxes on the full purchase and reported a $401 gain … read more
R. Greg Paszkiewicz
R. Greg Paszkiewicz
Accountant
Bachelor Degree
140 satisfied customers
Calculating One Number Cost Basis for 1.5 yr history
i purchased stock thru company DRIP starting 1/03 with monthly and sometime weekly purchases. I sold all in 4/05. How do I determine coast basis with a running history of so many purchases and income … read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
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