Report a put or a call option that you wrote and income from the option in Part 6.

For You, Your Spouse, and Your Dependent Children

Part 6

Open Position

Report a written put or call option in an open position if the value of the shares on which the option was written was more than $1,000 at the time the position was opened.

Description:  Provide the name of the underlying security, the type of option, and an indication that the position is open.  In addition, in lieu of selecting a category of value, provide the following information: (1) the number of units of the security for which the option exists; (2) the strike price; and (3) the expiration date.

EIF:  Select “N/A.”

Value:  Leave this field blank.

Income Type and Income Amount:  You should not have any income to report, so select “None (or less than $201).”

Closed Position

Report a written put or call option in a closed position if more than $200 in income was received during the reporting period.

Description:  Provide the name of the underlying security, the type of option, and an indication that the position is closed.

EIF:  Select “N/A.”

Value:  Report the value of the option by selecting the appropriate category, which should be “None (or less than $1,001).”

Income Type:  Specify the type of income.

Income Amount:  Select the category that corresponds to the total amount of income received during the reporting period.

Stock Acquired through an Exercised Option

Report the stock as you would any other stock.

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