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Get your taxes done using TurboTax
Is this still the correct method for expired options that do not enter themselves properly thru importing?
I have 25 or so options and I know before it did not allow a negative number to be entered into sale price but the desktop software this year appears to be allowing me to enter a - (not certain it will allow it)
Just wondering if I put worthless into the date sold field is good enough or if its not reporting a loss of the money as an expired option.
edit: I did notice there is a section "Select any less common adjustments that apply" and at the bottom "An adustment is required for a reason not already covered" once I check that box it does give option "Adjustment amount (positive to increase gain, negative to increase loss)"
I just want to get this figured out once and for all and I know I am likely over thinking this but it would be nice to be certain of what needs to be put in here to show its a expired option and a loss and not a 0 profit.
Thank you for your time!