TAX question, help !

[Free Thinker]

Quote from RaidenDSI:

Hi, can someone please tell me how to report options trades? 2006 was my first year trading options and I am not sure how to report them as they are not reported on the 1099 form that my broker sent me nor are they required to be reported according to them. Thanks.

you report options exactly the same as stocks. it is up to you to provide the irs the details.

 

[letsrun]

Quote from JackR:


To answer your question - attach both the IB D-1 and the Schedule D-1 you prepare for Ameritrade. Carry their numbers to the Schedule D and show their totals on the D.


Jack

Thanks for the help!!!

 

[RaidenDSI]

Quote from vhehn:

you report options exactly the same as stocks. it is up to you to provide the irs the details.

Thanks. That's what I thought but wanted to be sure.