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smiskjian
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I had a few transactions where I sold something short and then it expired worthless. TurboTax asked me to fix and I think I messed up. How do I correct what TT asked me

TurboTax asked me to correct a short sale entry of my  1099-B.  I think I fixed it wrongly and it impacted my taxes. How can I go back and fix it.  I cannot access that entry now. Thanks.
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2 Replies

I had a few transactions where I sold something short and then it expired worthless. TurboTax asked me to fix and I think I messed up. How do I correct what TT asked me

If you sold an option that expired, that is a Short Term (ST) gain.

Did you report a gain for that on Schedule D?

 

@smiskjian 

I had a few transactions where I sold something short and then it expired worthless. TurboTax asked me to fix and I think I messed up. How do I correct what TT asked me

check the dates against the 1099-B. sales date for Turbotax is the date the position was opened. date acquired is acquisition date.  

 

however, my brokerage for short sales uses the same date for bought and sold 

it uses the date the short position was opened. 

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