I have a covered call option that is currently in the money and expiration date is 12/31/2020 (last day of the year). If it will get assigned after market close on 12/31, few queries I have:-
1. when will it get assigned, on 12/31 right after market close or 1/1/2021?
2. does the gain/loss of such option assignment count to 2020 tax year ? or 2021?
Your help is greatly appreciated.
