Sniper
If you write options, income must be included in the year it is received and any expenditure incurred in closing out the option must be included in the year it is incurred.
The proceeds from writing the option is a separate transaction from expenditure incurred in later closing out the option.
http://law.ato.gov.au/atolaw/view.htm?docid=%22AID%2FAID200957%2F00001%22
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SniperIf you write options, income must be included in the year...
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