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Investors & landlords
It is *NOT* true that expired options are imported correctly by TT from brokers.
EVERY SINGLE ONE shows a basis of zero (which is correct for sold options which expired), but Turbotax flags this as an error. In 2024 Desktop Premier it says "We found something wrong..." and "Needs info" and the only options are to "adjust" the cost basis, which would be wrong because anything other than zero would be incorrect, or "I don't want to make changes right now" which would be wrong because I don't want to change it later.
This nonsense occurs for every single one of a huge number of imported transactions.
March 1, 2025
11:18 AM
328 Views