So I did a handful of options trades over the course of 2007 for hedging purposes. I primarily trade equities, so all of my trades have been reported on a 4797. Do I just lump my options trades there as well? I'm a US citizen and I have not elected MTM. I'm just confused because my broker (IB) tells me that they don't report proceeds from any options trades on the 1099, so I wasn't sure if they should be treated differently. Thanks for any help.
Does anyone know how to show option premium adjustments on the Sched D? Let's say you sold a put for 1.00 and strike price 10.00, and let it be assigned. Later you sold the stock for 20.00. So your cost basis is 1000 and proceeds are 2000+100. My 1099-B shows proceeds as 2000, but the detail shows 2100 with a note about the adjustment. Do I put 2000 on the Sched D and add note with the +100 adjustment, or put 2100 and note with a -100 adjustment?