December 17, 2008
Do I have to 1) file a U.S. tax return and 2) pay U.S. taxes for gains from the following activities?
wonder asked:
a) shorting stocks listed in U.S. stock exchanges (borrowing the stocks to be sold, and later repurchasing identical stocks for return to the lender)
b) trading stock option, such as buying calls and puts
a) shorting stocks listed in U.S. stock exchanges (borrowing the stocks to be sold, and later repurchasing identical stocks for return to the lender)
b) trading stock option, such as buying calls and puts
I am a nonresident alien (Canadian) and filed a W-8BEN. I greatly appreciate your answers. If possible, I would also like to know which documents could point me to the answers.
Filed under United States by Administrator
October 5, 2008
How do I report option gains or loses?
mgm00056 asked:
I traded options in 2006. I.e., I bought and sold calls and puts without owning the underlying stock. My net for the year was a loss of about $1200. Can I report this loss on my 2006 tax return? If so, where?? Thanks.
I traded options in 2006. I.e., I bought and sold calls and puts without owning the underlying stock. My net for the year was a loss of about $1200. Can I report this loss on my 2006 tax return? If so, where?? Thanks.
Filed under United States by Administrator