I faced a similar situation during the review phase. I went into the 1099-B transaction and started fixing the CALL Options
My options were expired and I kept the premium (short term gain).
- However, in TurboTax, when I choose Expired (between Sold or Expired), then the Proceeds textbox disappears. In the end, it shows 0.0 for both Proceeds and Cost basis.
- When I choose, Sold (between Sold or Expired), then the Proceeds textbox appears. In the end, it shows both Proceeds and Cost basis.
However, this looks incorrect since I did not sell the option.
Is this a bug in TurboTax? Or should I go with the second choice? At least in the second choice, the tax is computed correctly though I really did not make gain from the selling an option
