Stock Options

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Subject Author Date Stock Options hoarseman 02-18-2007  Re: Stock Options Rich Carreiro 02-19-2007  Re: Stock Options Phil Marti 02-19-2007  Re: Stock Options Benjamin Yazersky CPA 02-19-2007  Re: Stock Options rlsusenet@NOSPAMPUHLEEZsc... 02-19-2007  Re: Stock Options Bill Brown 02-19-2007
Posted by hoarseman on February 18, 2007, 9:51 pm Please log in for more thread 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. >> << ======================================================= >> Posted by Rich Carreiro on February 19, 2007, 2:20 pm Please log in for more thread 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 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. >> << >> << 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 Phil Marti on February 19, 2007, 2:20 pm Please log in for more thread 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? 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 Please log in for more thread 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. 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 Please log in for more thread options 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. >> << ======================================================= >> Similar Threads Posted stock options April 15, 2006, 2:59 am Statutory Stock Options? How to tell? 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