Questionnaire 10 of 10 · 10 questions
Taxes and distributions
U.S. tax treatment, assignment basis, wash sales and fund distributions.
Choose one answer per question. Explanations appear as you answer; your score appears after all ten.
- 01
How is premium from a short option that expires worthless generally taxed in the US?
- 02
What happens to the premium when a put you sold is assigned?
- 03
Why do wash sale rules matter unusually often to premium sellers?
- 04
What is distinctive about Section 1256 contracts?
- 05
Why does premium selling inside an IRA change the calculation?
- 06
Your 1099-B disagrees with your own records. What is the usual first suspect?
- 07
Why should covered call writers check the holding period on dividend-paying shares?
- 08
A covered call ETF advertises a 12% distribution yield. What should you check?
- 09
You receive $200 writing a standard equity put that is later assigned. Is that automatically a separate $200 taxable option gain?
- 10
A broker's 1099-B does not flag a possible cross-account wash sale. What follows?