Get your taxes done using TurboTax

The option loss can be reported in TurboTax CD/Download with a little different action but similar.

1. Search (upper right) 1099b > Click the Jump to... Link > Add more sales (or start your entry)
2. Choose I'll type it myself' and Continue > Select your brokerage or bank > Continue > Enter one sale at a time
3. Enter Description 'Options' then complete the rest of the screen the sales price should be blank 
4. Select your Sale Category (long or short term)
5. See the image below

There are rules for the financial agents who hold investments and report transactions on redemption or sales of stock/bonds.

1. Covered means the agent knows and provides the cost basis
2. Noncovered means the agent does NOT know the cost basis