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Get your taxes done using TurboTax
This year all options created "errors" to review upon the final check.
The problem is that they were listed as stock, but if I changed to option type, then I couldn't show any proceeds (box 1d) just disappeared and so would have shown zero profit and underreported my gains.
If I clicked through each of these errors, changing NOTHING (leaving as stock and box 1d intact), then the errors just disappeared.
I did a phone chat with a tax specialist and they pretty much had no answer to this other than to say "if the error goes away, it's fine".
So from a turbotax perspective, it's "wrong" showing them as stocks, not options, but I believe from an IRS perspective, this was the only way to properly account for this income (when I sold options to open, unexercised).
I really wonder if I should find other software or just not worry about this as it seems to be an error on TT's coding / view of options.