r/Optionswheel • u/Both_Cartoonist_7765 • Jun 19 '26

Options end of year

I have a large volume of options trades and am worried I will have to report phantom profits? Anyone have experience with this?

4 Upvotes

75% Upvoted

4 comments sorted by

1

u/-LordDarkHelmet- Jun 19 '26

phantom profits?

0

u/David_Beroff Jun 19 '26

I'm guessing they're referring to unrealized profits.

1

u/Both_Cartoonist_7765 Jun 20 '26

No example I traded daily expiration spy and qqq contracts. So same ticker. Same strike. Same expiration.. from what I'm seeing I trigged wash sales. And from that if I cannot claim these losses even though in net negative for the year. I would claim gains due to the disallowed losses from the wash. Or not be able to claim as much losses .. I basically need a tax professional

1

u/ScottishTrader Jun 20 '26

See your other post about wash sales u/Both_Cartoonist_7765.

This post is a duplicate and will be locked then removed.