Posted on 09/14/2012 1:19:49 PM PDT by rustyweiss74
Didn’t sell the options. Options expired.
So what if they expired? They would still alter the basis price of the stock if this was a Section 1092 transaction, which is almost certainly the case.
I’m not wrong. This is a silly accusation being made due to ignorance. But of course you can’t understand that since you are just as ignorant on the topic.
Just that, if it says the options expired, it means they weren’t sold. Which is what I said, in response to your statement.
and you didn’t even bother to read the tax return...options are listed as such. this was listed as shares...go back to be dimmicrat
Do you know what section 1092 trading transactions are? It is obvious you do not and are denser than a box of rocks on this subject.
From the IRS Publication 550:
Option not exercised. If you have a loss because you did not exercise an option to buy or sell, you are considered to have sold or traded the option on the date it expired.
Pretty much the same rule if you have stock and a company goes bankrupt.
“Considered to have” is not the same as “did”.
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