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/ #POST-237979
REDDIT
Is there anyway to reduce the ~50% tax bill from short term capital gains from options?
Curious.
I have an ITM trade on $CMPS that expires in 01/2027.
However, they're not LEAPs as it is a \~10 month play.
Based on my math, the combined taxes on my profits (both federal and state, in CA) seem like it's going to be \~50%, which is nuts.
Is there anything I can do to minimize the tax rate?
Also, instead of cashing out this year, I'm thinking about cashing out close to expiration in 01/2027, then rolling the profits into a different play with LEAPs this time - wondering if that's a good move?
Thanks!