Covered Calls-Writing Covered Calls

Dave W asked:


I wrote covered calls against a stock that I own (with a short-term holding period). The calls were not “qualified” because I wrote them less than 30 days before expiration. I later closed the position by repurchasing the calls at a loss.

A few days later, I wrote more covered calls (with a later expiration date) against the same stock. I believe this makes the previous transaction a “wash sale” and that I can’t claim the loss, but must add it to the basis of the new position.

The question is do I report anything on my tax return for the wash sale transaction? If so, what do I put on which form (Schedule D?, 6781?) and how do I indicate it’s a wash sale?
This transaction is a straddle since it is an offsetting position to the stock I hold. There are special rules for straddles described in Pub. 550 , but I’m having trouble interpreting them and determining what I need to report on Sched. D, Form 6781, or if I need to report it anywhere.

Refugio Hibbs

shaanabanaana asked:


I recently watched the movie “Fun with **** and Jane” with Jim Carrey and during the scene where he was called in for a job interview (where he finds a line of several hundred people also waiting) they play a song which is also on the soundtrack, named “Job Calls”.
It seems to me that this is a cover of another song and I’m trying to figure out what it is. (I found an alternate soundtrack list of songs that were not on the soundtrack but were in the movie — http://www.imdb.com/title/tt0369441/soun… – but it does not seem to be any of these songs either. )
I also seem to recall that this song was also on an episode of “Daria”.

Does anyone know what the actual song name is? Or who is is by?

Thanks

**Just to be clear. The song “Job Calls” is a cover. I am looking for the name or artist of the original song.

Keenan Masella