Broker 1099 and Options

Don’t expect to see your gross proceeds for any options trades accounted for on your broker 1099!  Most broker 1099s only account for stock trades, which leaves an active trader “high and dry” when it comes time to complete the IRS Schedule D or Form 6781. And don’t forget: just because an option transaction isn’t listed on your 1099 doesn’t mean you don’t have to report it to the IRS and pay any tax liability.

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^{Please note: This information is provided only as a general guide and is not to be taken as official IRS instructions. Armen Computing Ltd. makes no investment recommendations and does not provide financial, tax or legal advice. Please consult your tax advisor or accountant to discuss your specific situation. You are solely responsible for your investment and tax reporting decisions, and you should carefully evaluate all information delivered to you by Armen Computing Ltd. and TradeLog. Not all information may be appropriate for all investors.}

• Capital Gains
• Wash Sales
• IRS Schedule D
• Mark to Market
• Which Form to File?
• Brokerage Reporting
• Common Misconceptions
• Options
• Option Sales
• Option Expirations
• Selling Puts and Taxes
• Option Exercises and Stock Assignments
• Broad Based Index Options
• Broker 1099
• Futures
• Mutual Funds
• Dividends