Recent content by rd100

Thanks to all for your feedback. I did trade some regular options and also traded section 1256 contracts. I'll use Gainskeeper log to sort out the info to report on the tax return. Thanks rd100

For those who only traded options at ThinkOrSwim in 2010, did you receive any tax forms like 1099-B or other flavors? TOS tells me their clearing firm Penson did not report anything to IRS since I only traded options and it's for me to figure out my gains/losses to report on Schedule D. They...

Hi, Has anyone tried managed ETF portfolio service from Schwab and similar firms? They also have mutual funds service. Any feedback is appreciated. Thanks Rd100

That would be great... Could you please post here when this release is out? Thanks rd100

Hi, Since IB is not yet allowing converting Traditional IRA held at IB to Roth IRA held at IB, I was wondering if anyone used their rollover option by taking distribution from Traditional IRA and then rolling over funds to Roth IRA within 60 days. This is what IB has on their website- ======...

Any software recommendations for logging options' trades (that are not 60/40 like the SPY or IWM options) for Schedule D? If they work with IB or thinkorswim, that would be better since I have my accounts at IB and ToS. Thanks rd100

Taxation is not based on strategies, it's the underlying instrument. SPX, RUT options qualify for 60/40 since these indexes are broad based indexes.

Yes, if you trade options on SPX, RUT, NDX -- these are broad based indexes and options trades qualify as 60/40 -- So tax time, it is real easy, enter your profit/loss as one number on Form 6781 rather than listing each trade on Schedule D. ETF options don't qualify for 60/40.

Hi, I know trading options strategies like iron condors, calendars and butterflies on broad based indexes like SPX, RUT etc., you don't need to worry about Schedule D reporting as they qualify for 60/40 tax treatment. But if you were using same options strategies on their ETF counterparts...

Thanks all for your advice... I pay 1.25 per contract at ToS and 1.07 per contract at IB (even though IB says the comm is 0.70 per contract, I have never gotten it). I opened ToS account to leverage their platform and do small amount of trading while keeping my Friends and Family Advisor...

I negotiated commission down with ToS (it's per option contract and only slightly more than what IB charges. ToS has no data fees and no 'No trading' monthly fees)- that's why I say IB has only slight advantage over ToS in commissions. I'll monitor further in my live ToS account as to how the...