I'm trying to enter a Straddle Loss Summary and I put the Section A - Losses From Straddles info for each leg of the straddle. Then I click Done and it takes me to "Reporting an Option Straddle" and asks for lines of "Name of Contract", "Component", & "Amount." The only description here is "The IRS form instructions require you to list each straddle and its components on a separate schedule. Enter your statement below."
Is each line an option contract? What are the components? Is the Amount the number of contracts?
This is horribly written at least for me and I haven't been able to find any clarification anywhere from TurboTax/Intuit, IRS (as it doesn't list the schedule).
