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#4
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| "hoarseman" <hoarse...[at]gmail.com> wrote: - quote - > I sold some stock options that I purchased (for a profit)
The sale and related gain or loss are reported on Schedule D.> 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 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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#3
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| hoarseman wrote: - quote - > I sold some stock options that I purchased (for a profit)
It's a capital gain, and goes on Schedule D.> 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. 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. > << ================================================== ===== > |
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#2
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| "hoarseman" <hoarseman[at]gmail.com> wrote: - quote - > I sold some stock options that I purchased (for a profit)
Schedule D. See page D-4 of the 1040 instructions.> 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? -- 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. > << ================================================== ===== > |
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#1
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| "hoarseman" <hoarseman[at]gmail.com> wrote: - quote - > I sold some stock options that I purchased (for a profit)
they get reported on schedule d> 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. ___________________________________ <<< 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. > << ================================================== ===== > |
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| "hoarseman" <hoarseman[at]gmail.com> writes: - quote - > I sold some stock options that I purchased (for a profit)
Yes.> back into the market. They were not exercised. Do I report > this profit on a Schedule D as a capital gain -- 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. > << ================================================== ===== > |
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#-1
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| 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. > << ================================================== ===== > |
| Tags |
| options, stock |
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