Originally Posted by
sonatine
Tax question (so yeah I'm just asking for an informed hot take, not actual tax advice).
Friday I took 370 put contracts on QQQ ( $14,000 cost basis give or take) and paid about 80 cents each both ways for approx $600 in commissions/fees.
Sold at a $3150 profit, or $2550 after commissions/fees.
Can someone confirm or deny that the $600 gets added to cost basis for tax purposes? So my cap gains is like 30% of $2550, not $3150?
Again I know its sketchy asking for tax advice, I'm not looking for legal opinions, just trying to sort out the basics.
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