Option trade income not included in my 1099B?

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octane99
Posts: 44
Joined: Fri Apr 21, 2006 2:09 am
Location: WI

Option trade income not included in my 1099B?

Post by octane99 »

I did some stock trades in E*Trade last year. While reviewing my 1099B, I found it does not include one option trade. I sold an covered call and bought to close few days later and made around $200.

I read some publications so I don't mind add this $200 as my capital gain. However, I have a concern that since it is not included my 1099B, will it raise a flag for IRS? They may think that my 1099B is not correct?

What is my best solution, ask E*trade to issue a new 1099B? Does someone else have same situation before?

Thanks
ONE WORLD
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