Do You Owe Taxes on Options Income?

🛑 Short answer: YES.

If you’re selling options in a taxable brokerage account, you’ll owe capital gains taxes on your profits.

When Are Options Taxed?

📈 You owe taxes when you realize capital gains, such as:
✅ An option expires worthless, and you keep the fu...

What is Cost Basis & Why Should You Care?

🧐 Ever heard of cost basis but not sure what it means? Do you even need to care as an investor or options trader?

Simple Answer:

💰 Cost basis is the original price you paid for an investment.
📊 It’s important when selling stocks or options because it dete...