Until today I've never had a client that bought and sold options. The 1099B shows a summary of gross proceeds transaction on the first page of info and on the second page shows Options Sales and Option Purchases. The purchases are greater then the sales. I'm thinking that I need to show these as just two lines on the Schedule D. And sine the purchases are greater then the sales that they had a net short term loss. Can someone correct me if I'm doing this wrong please?
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Robert Lukey EA CPA
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Robert Lukey EA CPA
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