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June 15, 2022
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Do I need to report Open Long Options at Year-End on my 2021 tax return? These are long call and put options purchased in Dec 2021 that don't expire until 2022.

  • June 15, 2022
  • 1 reply
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These are open market option transactions, not employer issued options.
Best answer by Anonymous_

You would not report open positions on your return until they are closed (i.e., until they expire or are sold).

 

Note that there is an exception to the foregoing if you have trader status and have made a mark-to-market election (which does not appear to the case).

1 reply

Employee
June 15, 2022

You would not report open positions on your return until they are closed (i.e., until they expire or are sold).

 

Note that there is an exception to the foregoing if you have trader status and have made a mark-to-market election (which does not appear to the case).

kkuz2008Author
June 16, 2022

Thank you!