Cynthiad66
Expert Alumni

Investors & landlords

@twentysomething - No.  Not separately.  If it was required it would automatically translate from your State return.  Of course each state and city have different laws but, in this case, No.

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 When you buy an open-market option, you're not responsible for reporting any information on your tax return.

However, when you sell an option—or the stock you acquired by exercising the option—you must report the profit or loss on Schedule D of your Form 1040.

 

How to Report Sale of Stocks on Your Tax Return

 

However, if you want more specific feedback, please provide the State and City so that we can research specifically.

 

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