Posted 2/6/2016 12:13 (#5092202 - in reply to #5092147) Subject: RE: Options - Tax Deduction?
If you took delivery of a commodity then it is an actual capital purchase and you will have to treat it like one. So you need to keep track of the cost basis if it used for some purpose such as feed it will be a cash expense if the intention is to sell it later hopefully at a higher price it will be treated as a capital ganin/loss much like stocks.
Options - Tax Deduction?
