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  #4  
Old 02-20-2007, 12:46 AM
Bill Brown
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Default Re: Stock Options

"hoarseman" <hoarse...[at]gmail.com> wrote:

- quote -

> I sold some stock options that I purchased (for a profit)
> back into the market. They were not exercised. Do I report
> this profit on a Schedule D as a capital gain or as
> miscellaneous income? There is no indication on my 1099 form
> as my broker is not required to report this to the IRS.


The sale and related gain or loss are reported on Schedule D.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #3  
Old 02-19-2007, 06:20 PM
rlsusenet@NOSPAMPUHLEEZschnapp.org
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Default Re: Stock Options

hoarseman wrote:

- quote -

> I sold some stock options that I purchased (for a profit)
> back into the market. They were not exercised. Do I report
> this profit on a Schedule D as a capital gain or as
> miscellaneous income? There is no indication on my 1099 form
> as my broker is not required to report this to the IRS.


It's a capital gain, and goes on Schedule D.

I've never understood why option sales aren't on the 1099-B

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #2  
Old 02-19-2007, 06:20 PM
Phil Marti
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Default Re: Stock Options

"hoarseman" <hoarseman[at]gmail.com> wrote:

- quote -

> I sold some stock options that I purchased (for a profit)
> back into the market. They were not exercised. Do I report
> this profit on a Schedule D as a capital gain or as
> miscellaneous income?


Schedule D. See page D-4 of the 1040 instructions.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 02-19-2007, 06:20 PM
Benjamin Yazersky CPA
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Default Re: Stock Options

"hoarseman" <hoarseman[at]gmail.com> wrote:

- quote -

> I sold some stock options that I purchased (for a profit)
> back into the market. They were not exercised. Do I report
> this profit on a Schedule D as a capital gain or as
> miscellaneous income? There is no indication on my 1099 form
> as my broker is not required to report this to the IRS.


they get reported on schedule d

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 02-19-2007, 06:20 PM
Rich Carreiro
Guest
 
Posts: n/a
Default Re: Stock Options

"hoarseman" <hoarseman[at]gmail.com> writes:

- quote -

> I sold some stock options that I purchased (for a profit)
> back into the market. They were not exercised. Do I report
> this profit on a Schedule D as a capital gain


Yes.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 02-19-2007, 01:51 AM
hoarseman
Guest
 
Posts: n/a
Default Stock Options

I sold some stock options that I purchased (for a profit)
back into the market. They were not exercised. Do I report
this profit on a Schedule D as a capital gain or as
miscellaneous income? There is no indication on my 1099 form
as my broker is not required to report this to the IRS.

Thanks.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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