Options trading strategies can produce unique tax consequences for your positions. For example, purchasing a protective put on a stock position affects its holding period, which in turn impacts whether any gains are taxed at the long-term or short-term rate. It is important to know all of the special tax situations options can present. The Options Industry Council offers a helpful tax brochure geared specifically for options traders.
Scottrade and the OIC do not provide tax advice. The material in this article is for informational purposes only. Please consult your tax or legal advisor(s) for questions concerning your personal tax or financial situation.
You trade online, and now you can get your tax forms online too. With Scottrade's paperless tax form system, you can sign up to have your tax forms delivered electronically rather than through the mail.
Inside your Scottrade account, simply choose the My Account tab, click My Information & Preferences from the left navigation, and then select Account Preferences. Under Account Documents Delivery Settings where it says "Receive Tax Statements by", choose Electronic Delivery.
Why go paperless?
1. Security. Your tax forms are delivered safely and securely inside your Scottrade account.
2. Accessibility. You can access your tax forms from anywhere you can access your Scottrade account.
3. Reliability. No more digging through the file cabinet! Your tax forms will be there when you need them, now and in the future. Scottrade will keep the last 7 years of tax forms online for you.
For more information about your tax forms and going green, please contact your local branch office.
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Any specific securities, or types of securities, used as examples are for demonstration purposes only. No information on this Web site should be considered a recommendation or None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing. No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.
Margin trading involves interest charges and risks, including the potential to lose more than deposited, or the need to deposit additional collateral in a falling market. Margin Disclosure Statement (PDF) is available for download, or it is available at one of our branch offices. It contains information on our lending policies, interest charges, and the risks associated with margin accounts.
Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from your local branch office. Supporting documentation for any claims will be supplied upon request.
Market volatility, volume, and system availability may impact account access and trade execution.
Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.