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    collegian's Avatar
    collegian Posts: 50, Reputation: 1
    Junior Member
     
    #1

    Mar 9, 2019, 07:51 PM
    Regarding stock options wash sale rules
    Hello,

    I traded a lot of options last year and consequently my 1099-B has a lot of transactions in it. The brokerage doesn't seem to have marked if any of them incurred wash sale or not. Reading online seems to give conflicting statements. Is there a definitive guide out there on the treatment? I couldn't find publication 550 for 2018.

    I am wondering if I can take losses on all of them or some of them aren't allowable. For example, I have - https://imgur.com/QGsUiIw

    In this case, is -1 PUT ABBV 07/27/18 88 considered as substantially identical to -1 PUT ABBV 08/17/18 87.5?
    If so, then this makes up a wash sale, correct? Can I add the loss of the former to the cost basis of the latter?

    Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,772, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 9, 2019, 08:07 PM
    I believe for stock options (PUT and CALL) that there are no wash sale rules. If you have losses, they are all allowed.
    collegian's Avatar
    collegian Posts: 50, Reputation: 1
    Junior Member
     
    #3

    Mar 9, 2019, 08:20 PM
    Thanks!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,772, Reputation: 846
    Senior Tax Expert
     
    #4

    Mar 9, 2019, 08:26 PM
    Glad to help!

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