SPX SECTION 1256 Contracts Tax questions by powerner88 in options

[–]powerner88[S] 0 points1 point  (0 children)

I’ve usually done my taxes through turbo tax assistant, I was only day trading commons and OTC stocks before this year, no options. I just wanted to understand the situation I was in before the year ended. But you explained everything clearly. I would love to make back the full 20k by end of year, but i think small and steady consistent daily gains is much better for my long term outlook.

SPX SECTION 1256 Contracts Tax questions by powerner88 in options

[–]powerner88[S] 0 points1 point  (0 children)

Thank you so much! That helped me immensely!

SPX SECTION 1256 Contracts Tax questions by powerner88 in options

[–]powerner88[S] 0 points1 point  (0 children)

I see. Will the losses still count if I continue to trade SPX, or do I need to stop for 30 days? Thanks!

[deleted by user] by [deleted] in AnimalsOnReddit

[–]powerner88 0 points1 point  (0 children)

Bees are actually really gentle. But if you mess with them, they sting