TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Substantially Similar Options - Wash Sale

Forum|Forum|3 years ago
January 30, 2023
1 reply
0 views

Does the IRS recognize call options of the same security, but with different strike prices/expiration dates, as substantially similar for purposes of wash sale?

i don't think that the iRS has provided any guidance in this area. my broker treats call options with different strike prices or expiration dates as not substantially identical but that's there practice. call your broker because if they conclude it is they are supposed to adjust for it.

Employee

such a rule would break option spreads and covered calls making everything a wash sale reporting nightmare.