Quote:
Originally Posted by lewdog
Damn. That’s a nice hall
Question though. If you buy your calls but end of closing for a loss, won’t you incur a wash sale? I’m always hesitant to close a position and open a new one within 30 days because of this. . Am I missing something?
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Options don't generate wash sales and I bought different ones, not the same.
Options generate "gross proceeds" reports on your tax forms. It can be a real pain in the ass at tax time if you are sloppy at records or have to do it your self.
Most brokerage firms now do a great job of summarizing your options purchase and sales.
If your options expire worthless, you technically don't have a sale take place, just an expired worthless option.