Recent content by virw

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    Partnership income liability in CA

    Currently part of my investment portfolio uses a brokerage account under a general partnership registered in California (I'm a partner and have control over the partnership). I've been living in CA full-time, so always I always file CA tax for the capital gains distributed from the partnership...
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    [us tax] Transfer trading gains to Schedule C for TTS traders

    For TTS traders, GreenTraderTax recommended a way to "Transfer trading gains to Schedule C" https://greentradertax.com/tax-tips-for-sole-proprietor-traders-preparing-2015-tax-returns/ when doing income tax reporting. Here is their recommendation In some cases, a good strategy for sole...
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    TTS Tax Deductions

    Greentradertax also have a guide book that details which deductions you can /should take if you qualify for TTS.
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    [US Tax] Section 475 MTM election - can you still e-file?

    I got some conflicting information while researching this - Some sources said that if you file section 475 MTM election , you have to paper file , and attach the election to your tax return. E-file with turbotax will not work. - A CPA firm said they can e-file even with 475 MTM election. Does...
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    Estimate profit/loss of short-term SPX options with only underlying price (entry/exit) and delta

    If we know the underlying price (SPX index or SPY) at entry/exit of a short-term trade with SPX options, what is the best way to estimate the profit/loss of the trade? Underlying profit times delta works for small movement but for large movement it is not very accurate due to gamma. Assume the...
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    Replace VTI with SPY without incurring capital gain tax?

    I am holding a VTI position that has unrealized long term gain. I would like to replace this with SPY to use as option collateral (VTI options spread is bad). Is there a way to do so without incurring capital gains taxable event?
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    Equivalent of SPY options trading for non US residents

    My country does not have tax treaty with the US. So I assume there is no further withholding. I only got Covered Call trading permissions with my broker. Not sure if I can apply for selling Puts.
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    Equivalent of SPY options trading for non US residents

    As a non US resident one can buy the Ireland-domiciled CSPX to reduce dividend withholding tax. CSPX is accumulating so the dividend is automatically reinvested. Is there an equivalent to selling SPY/SPX covered calls for CSPX?
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    Possible to write/buy options on private company stocks?

    If I own shares in private companies (from employee stock options exercised), is there a market to sell/buy options for them?
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