> Buying options tax form?

Buying options tax form?

Posted at: 2014-12-05 
ScottTrade is required by law to send investment tax forms by February 15. If you moved, did not give them your correct mailing address, or opted for electronic delivery, you won't get forms in the mail. Login to your account to download the forms from their website.

Use form 8949, which has replaced schedue d-1. Use your account history to complete the form, if you have no other info.

if you went 'paperless', Scottrade will never use US mail for anything. log in to your account and go to the tax center to see if you have any summary information available other than your overall account history. if you just did a few option trades, is quite possible there was no info reported to the IRS for your account.

you should be able to download a .pdf that covers the whole year, so your accoutant wont have to deal with 12 separate monthly statements.

ive been using spread sheets formatted like form 8949 for several years now.

I just mark each page as being short or long term , and which check box applies ( a,b,c,d,e or f). for you i guess everyhing will be box c. short -term trades, and no basis info reported to IRS ( options are alwsy box c or f items, IIRC)

in 2013 the only options trades I've made are short term buying of calls and puts. Scottrade never sent me any tax information in my account. I call them up they say they're not obliged to provide me with any tax information. Then how do I file the capital gains/losses on tax form for options trades? Do I just give my tax accountant the monthly statements that I have on Scottrade? What tax form do I use for these trades, is it the Schedule D, form 1040?