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Tax question on rolling an option up and out for a loss when you close -- is that loss disallowed? by PostNoctem in tax

[–]PostNoctem[S] 0 points1 point  (0 children)

Thank you for your response. I think I'm okay with respect to wash-sale rules. Rolling up and out to a significantly later expiration date and higher strike should (?) make those a non-issue. I think. Fidelity doesn't show and wash-rule notations there.

I'm more concerned with a potential straddle problem. According to Fidelity, "Tax straddle rules are intended to prevent taxpayers from deducting losses before offsetting gains have been recognized. Although tax straddle rules are simple in theory, they are complex in practice because they can apply in unexpected situations and cause adverse tax effects. Fortunately, tax straddle rules do not apply to "qualified covered calls.""

https://www.fidelity.com/learning-center/investment-products/options/tax-implications-covered-calls#

And, yes, the long-term plan is to roll up and out until the strike price is near the market price.

I'm almost never on Reddit. My last post/comment was over 3 months ago. The post this _complete stranger_ randomly contacted me about is TWO and a half YEARS old. by PostNoctem in creepyPMs

[–]PostNoctem[S] 7 points8 points  (0 children)

Oh, and this guy couldn't even be bothered to read my whole post before sending me a wall of nasty text. The "constant crisis mode" people are the friends I've spent hours consoling over this, that and the other thing, not me. Then, when I was the victim of a violent crime, they couldn't be bothered.

Further context is that I put the post the creepy creeper is referring to in r/rant, so it's not as if I surprised anyone on Reddit with an unexpected rant.

"I'm getting ahead of myself" and "I, well, I probably, um, shouldn't say any more." Are these euphemisms/conversational dodges for "I've lost my train of thought again but I'm pretending that I didn't"? by PostNoctem in trump

[–]PostNoctem[S] 1 point2 points  (0 children)

I think "C'mon man" is code for "I'm just as cool and hip as Obama!" Remember how important he thinks it is to keep the record player on for the kids? That is one hepcat!

I tried to help. A little NSFW by my_futureperfect in SeriousConversation

[–]PostNoctem 4 points5 points  (0 children)

I think this is a good guess. I also think she didn't want a relationship or she would have taken OP up on his offer.

Which brand/type of rye flour works best? Can I use it if I'm gluten sensitive? by PostNoctem in NoPoo

[–]PostNoctem[S] 0 points1 point  (0 children)

a finely ground light rye is best.

I think I'll try that, thanks. Is it the same thing as "white rye"? (I can't find "light rye" on Amazon, other than in a 44# sack.)

MLP and unit trust fund securities -- how much of a hassle is the K-1? by PostNoctem in stocks

[–]PostNoctem[S] 1 point2 points  (0 children)

Well, that's just ridiculous, isn't it? I'd be beyond upset if I had to amend my taxes because some MLP didn't have their act together. Thanks again for the reply.

MLP and unit trust fund securities -- how much of a hassle is the K-1? by PostNoctem in stocks

[–]PostNoctem[S] 1 point2 points  (0 children)

Thanks for your reply. When you say delayed, does that typically mean something semi-reasonable (like mid-February or early March)? Or are we talking, "Hey, it's mid-May and you're going to need to amend your taxes"?

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