09-26-2013, 01:26 PM
Great new area. I'm very inexperienced with options, but have always been interested.
For me a threshold question is taxes and accounting. For those of you who use options a lot, do you only do so in tax-deferred accounts? Am I right to think that if you used options heavily in a taxable account, it would be a giant hassle to track the trades and incoming premiums, not to mention the sell prices and long-term vs short-term capital gains, etc. etc.?
And am I right to think that pretty much all of that is a non-issue in a rollover or Roth IRA?
Thanks in advance!
For me a threshold question is taxes and accounting. For those of you who use options a lot, do you only do so in tax-deferred accounts? Am I right to think that if you used options heavily in a taxable account, it would be a giant hassle to track the trades and incoming premiums, not to mention the sell prices and long-term vs short-term capital gains, etc. etc.?
And am I right to think that pretty much all of that is a non-issue in a rollover or Roth IRA?
Thanks in advance!