The Options Tax Guy Welcome!! What Is Covered and Not Covered

When I began trading options, there was not much reliable information or software to calculate gains and losses.  Therefore, I became a more in-depth student of options taxation and wrote my own software - or more appropriately, my own process - for determining option trading gains and losses for tax reporting.  Click here to read about downloadable options tax reporting software.


We are not going to try to sell our tax preparation service to you but it is available if desired.  Click here to find out more about our services.

If you want to stop reading now and skip to the good stuff, click here to go to the Options Taxation Roadmap

Why Did I Develop This Site?

This site is designed to help you understand the tax implications of trading options.  You will learn:

•  tips for do-it-yourselfers and

•  how to present your tax preparer with the proper information so that your tax return may be prepared as accurately as possible.


To help save you money!  Many options taxation websites (there are not that many) attempt to sell you entity setup and compliance services that can cost anywhere from $3,000 to $5,000 initially and over $2,000 per year.  A lot of that you can do yourself.

To assist you in:

•  Visually understanding option trades

•  Learning about how option transactions are taxed and reported

•  Determining if you qualify as a trader or an investor

•  Determining if you should trade inside an entity

•  Getting a taxpayer identification number for your trading entity

•  If you qualify as a trader, then whether to make the mark-to-market election

•  Reporting under different entity considerations

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Why Listen to Me?

I trade stock and options seriously and have been for quite some time.

I am a Certified Public Accountant and research options trading and taxation extensively.  I was also an options trading instructor for OptionsAnimal, an online options trading education company. Click here for more on my education and experience.

I am also a regular contributor on Seeking Alpha and others are listening.  Here are some of their comments to a tax thread where I contribute frequently and some excerpts from emails I’ve received:

“This thread is really getting good ... thanks a lot for all the contributions!”


“This thread is very informative. I suggest that we create some sort of a Hall of Fame for forum topics and post this thread there for future use of all contributors. A sticky at the very top perhaps... “


“Great to see this tax discussion evolve, especially with a CPA (Greg) being the voice of reason here.”

“the downside of making money is the tax-work that goes into it, ... and obviously you know your stuff real well!”

Here is what others are saying about this site:

“I've read through your presentations for the optionstaxguy web site.  It is great information.”

“I want to compliment you on the site.  I found it to be very useful and it answered a lot of questions that I had about doing my taxes”

“First, thank you so much for publishing some of your knowledge through your website. The design was friendly and the content was much easier to read through than some other sites.”

“I have to commend and thank you for putting so much free information on your site.  Most of all I want to thank you for explaining everything in layman’s terms so that the average person who is not an accountant can understand [what] all this … means”

“Thanks to your help, I have almost completed my own [Form] 8949. Your website is great and your help is priceless. Thank you very much.”

I hope you find this website informative and useful as well!!

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