Tax Treatment For Trading Options (Recording)

07 Mar

Mar 07, 2017 at 4:30 pm EST


Recording
Join trader tax expert Robert A. Green, CPA as he explains:
  • How options traders may qualify for trader tax status benefits, and the challenges they face from the IRS.
  • Tax treatment for options is diverse, including simple and complex trades on securities vs. Section 1256 contracts.
  • Outright option trades: trade option (closing transaction), the option expires (lapses), and exercise the option.
  • Complex option trades: straddle loss deferral rules.
  • Brokers don’t report wash sale losses between different option exercise dates, but taxpayers should.
  • A timely Section 475 election exempts options traders from wash sale losses, straddle loss deferral rules, and capital loss limitations.

Testimonials

Dear Adam, Robert & Darren, I would like to draw attention to the fine work performed by Rachel Ellis.  Not only is her tax knowledge proficient but also her talent for managing clients is exceptional.  As a former Wall St. analyst charged with responding to many different clients' needs - typically always simultaneously -- I know how demanding that aspect can be.  Rachel is always patient, good humored and responsive. I hope that she -- and all of you -- can find some time to relax after the tax season. Best regards,

TC

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