Originally Posted by
Ferd149
LOL...Yup, that's how they work. I was trying to give the "readers digest" version, sorry for being overly simplistic. Yes, cash does "change hands" on the put and therefore you account for them. Oh, and yes, I did so well in college accounting that I have other people do my taxes
Ferd
I tried to do my taxes for the first time this year... used turbo tax online. Was great until I got to my investments. I had my finger shoved so far up my nose from trying that it was really hard to dial my CPA to bring my stuff in....