m-v1
Level 2

Has someone been able to resolve the error on negative proceed on 1099-B? Before saying it's a mistake, it is not a mistake, it's short selling premium option trading

I have lots of option trades, which are a combination of spreads and shorting puts or calls. The trade always starts with negative proceed on all those, and that is how it gets reported on the form. How do we deal with this?

I am thinking of instead of automatic importing, I just input the total numbers and upload the form instead. Anyone  has had any success?