GeorgeM777
Expert Alumni

Deductions & credits

Options, whether short or long, upload into TurboTax generally without the need for adjustment.  However, there are situations where you might have to make an adjustment or situations where an error message occurs because, as you have posted, the sell to open date precedes the buy to close date.  

 

The important tax consideration here is to prepare a tax return that reflects the correct amount of gain or loss.  In that regard, because the buy to close date of June 17, 2021, was the date you realized a profit/loss, you can use that date as your sell date and the sell to open date as your buy date.   Manually entering long option transactions is more straightforward.   With options on the short side, that do not upload automatically, then the aforementioned workaround is a way to at least prepare a return with the correct gain/loss amount. 

 

@Thetaxinquirer

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