Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

What are open short options at year end (trade date)

esther926
Level 1

Do I need to report losses from short options and if so what form do I use?

0 Cheers
2 Comments 2
sjrcpa
Level 15

If they are Open at year end, they haven't closed at year end.

You report in the year closed - when they are exercised or expire. 

Not sure what "(trade date)" is supposed to mean here.


The more I know the more I don’t know.
BobKamman
Level 15

Depends on what kind of options.  If these are options on futures contracts, you may have to "mark to market."