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Reviewing the 1099-B Sale regarding Selling CALL & PUT Option contracts
After importing 1099, TurboTax takes me to a review screen to verify some of the sales. I am a bit confused with the dates (Acquired/Sold) being backwards and the behavior of the sold/expired button behavior. See the following:
Sales Section: Short-term basis reported to IRS
When filling out the info for boxes 1a - 1e
Type of Investment: Options
How did you receive this investment: Purchased it
box 1a - Description: 1 CALL ADOBE SYSTEMS INC $575 EXP (Pulled from import data)
box 1b - Date investment was acquired: 9/15/23 <-- this is the option expiration date on the 1099
Sold / Expired <-- selecting expired causes box 1d to go away, selecting sold keep box 1d?
box 1c - Date sold/disposed: 7/31/2023 (Pulled from import data) <-- Actual Sell to Open date for the Call Option.
Box 1d- Proceeds: $927.96 (Pulled from import data).
Box 1e - Cost or other basis: $0 <-- Since the covered call expired, the cost basis is 0