Thanks for the reply, John. So you're saying that it shouldn't just be $0.00?
Your steps below look fine.
I'm wondering now what my cost basis should be.
Should it be the amount that I bought back the contract for? Or should it be the amount I bought the contract for minus the gains/losses that I inccurred? Should I factor in/add the cost (cost basis) of the underlying/covered shares?
EDIT: I figured out that if I changed the cost basis then I would end up underpaying for my taxes. I think my brokerage is reporting this correctly since they are reporting "Proceeds" from the result of the contract selling and contract buying to close.
