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Subject Author Date
Stock Options hoarseman 02-18-2007
|--> Re: Stock Options Benjamin Yazers...02-19-2007
|--> Re: Stock Options rlsusenet@NOSPA...02-19-2007
Posted by hoarseman on February 18, 2007, 9:51 pm
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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.

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Posted by Rich Carreiro on February 19, 2007, 2:20 pm
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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

Yes.

--
Rich Carreiro rlcarr@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. >>
<< >>
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<< to this newsgroup as well as our anti-spamming policy >>
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Posted by Phil Marti on February 19, 2007, 2:20 pm
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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?

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. >>
<< ======================================================= >>

Posted by Benjamin Yazersky CPA on February 19, 2007, 2:20 pm
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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.

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. >>
<< ======================================================= >>

Posted by rlsusenet@NOSPAMPUHLEEZschnapp on February 19, 2007, 2:20 pm
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hoarseman wrote:

> 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. >>
<< ======================================================= >>

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