You're final 12/31 statement should show a credit balance on open short option positions. That gets netted against the long stock positions (or entered separately) on the balance sheet to reflect the liability. Its really a reduction of your assets vs a traditional liability, but depends on the overall net asset position.
Also the guidance is WRONG on the TTax '22 Bus Software for the 1065 balance sheet requirements. You can avoid it up to $10m as I recall, check the irs website.
