I bought a put that expired worthless. On the same day of the expired put, I sold 3 covered calls of the same stock, that expire 42 days, (6 weeks) out. Would selling those calls be a wash sale? Or, if before they expire, I roll them or buy to close for a profit. Would that be a wash sale? Any help clearing this up would be greatly appreciated.
thanks so much for your video. so if i have a strategy in which i only straddle QQQ options every day. so i cannot do this during dec-january or is this straddegyjust not possible? with this strategy i often have one side of the straddle go to 0 and the other side go over 100% each day which gives me a nice average profit. but now i'm getting scared the taxes will bite me? .
If I closed a covered call for profit and subsequently sold the stock for loss within 30 days, will the wash sale rule apply to the loss I incurred on my stock sale? Thanks
Thanks for sharing. I have a question. If short a position but bought call option of this underlying, if I cover the call with a lose, does it consider as wash sale?
thanks for the great video. One question - if I sold stock for a loss and then sell puts for the stock beyong 30 day expiry , would it trigger a washsale?
I buy same stock put and call at same time few day later I sold call and put at same time but one side lose other gain. Call strangle trade do is will wash sell
So for example if sold shares for a lost and then bought it back 5 days later that should trigger a wash sale. lets sale the replacement shares that I've got were also sold for a lost before the end of the year. There for the disallowed loss should be realized because the final replacement shares were also sold for a loss.
i purchased amazon call option december 3 expired worthless $6000 i’m not wait for over 30 day and on december 9 I repurchase call options same month. and gain $19000 so taxable count $25000 that i have paid:(
No you will pay only on the gains for that yr up to 30% taxed on gains, so (.30 x 19000= 5.7k) max… Then following yr can use the 6k to deduct maximum 3k for losses, reducing your Taxed obligations. *Not a CPA, just info from research on the topic.
You can also change your tax filing status so you don’t have wash sale rules either but then you don’t get the benefits of long-term capital gains if you hold longer than a year.
@@jksacI believe those are Day-Traders which can scalp, short and open/close options many times within 5day trading without penalty.. but the caveat is they must have minimum of $25k working capital, not including other investments and holdings. I think they do get taxed, just at a different rate then the small investors. Also like to include that those at below 20% Bracket are non-Taxed on gains, so something like 12k gains will not be taxed. NFA nor a CPA, do your due diligence
I bought a put that expired worthless. On the same day of the expired put, I sold 3 covered calls of the same stock, that expire 42 days, (6 weeks) out.
Would selling those calls be a wash sale?
Or, if before they expire, I roll them or buy to close for a profit. Would that be a wash sale?
Any help clearing this up would be greatly appreciated.
thanks so much for your video. so if i have a strategy in which i only straddle QQQ options every day. so i cannot do this during dec-january or is this straddegyjust not possible? with this strategy i often have one side of the straddle go to 0 and the other side go over 100% each day which gives me a nice average profit. but now i'm getting scared the taxes will bite me? .
If I closed a covered call for profit and subsequently sold the stock for loss within 30 days, will the wash sale rule apply to the loss I incurred on my stock sale? Thanks
Well explained
Thanks for sharing. I have a question. If short a position but bought call option of this underlying, if I cover the call with a lose, does it consider as wash sale?
yes
If I was to sell a stock can I sell a put option that expires after the 30 days. Or will the violate the wash sale rule?
thanks for the great video. One question - if I sold stock for a loss and then sell puts for the stock beyong 30 day expiry , would it trigger a washsale?
I am assuming it is okay to sell puts as per your video
I have the same question.
This is why I'm here. I got assigned on a call and want to sell a put 30 days out but want to claim the loss.
If I roll over a covered call (that I sold) that is in the money, will a wash sale still apply if the roll over is profitable?
Based on experience I dont think so cuz mine was not marked with WS label. If it did, nobody would use rollover function any more, right?
I buy same stock put and call at same time few day later I sold call and put at same time but one side lose other gain. Call strangle trade do is will wash sell
So for example if sold shares for a lost and then bought it back 5 days later that should trigger a wash sale. lets sale the replacement shares that I've got were also sold for a lost before the end of the year. There for the disallowed loss should be realized because the final replacement shares were also sold for a loss.
is this correct?
i purchased amazon call option december 3 expired worthless $6000 i’m not wait for over 30 day and on december 9 I repurchase call options same month. and gain $19000 so taxable count $25000 that i have paid:(
you have to pay $25000 in taxes?!?!
see that doesn't makes sense you should be paying taxes on $13000, then what's the point keeping track of cost basis
No you will pay only on the gains for that yr up to 30% taxed on gains, so (.30 x 19000= 5.7k) max…
Then following yr can use the 6k to deduct maximum 3k for losses, reducing your Taxed obligations.
*Not a CPA, just info from research on the topic.
this should only apply to big companies, normal people should be allowed to take losses..f'n irs is greedy.
Get the money up bro
The funny thing is, it doesn’t apply to big companies at all. They don’t have wash sale rules.
You can also change your tax filing status so you don’t have wash sale rules either but then you don’t get the benefits of long-term capital gains if you hold longer than a year.
@@jksacI believe those are Day-Traders which can scalp, short and open/close options many times within 5day trading without penalty.. but the caveat is they must have minimum of $25k working capital, not including other investments and holdings. I think they do get taxed, just at a different rate then the small investors.
Also like to include that those at below 20% Bracket are non-Taxed on gains, so something like 12k gains will not be taxed.
NFA nor a CPA, do your due diligence
i wish i watched your videos before i got trouble on wash sale i’m dead meat.
Uh how’d you get in trouble?