Only closed transactions are reported.
If you have any outstanding option writes at the end of the year, they won't show on your 1099-B
In order to close a short you must go to the market and acquire some securities.
Your trade date is the date you closed the trade and goes in (b). Settlement date must be calculated taking into account market holidays .
The acquired date is the date you closed the short sale.
The disposed date is the very same date if you closed at a profit.
For Stocks, the disposed date is two business days later (settlement) if you closed at a loss.
Note: Date Acquired and Date Disposed refer to Columns (b) and (c) on Form 8949 that you will report to the IRS.
Note:For option short sales with a loss, Date Disposed is one business day after Date Acquired (options settle in one day). But if you have a gain, Date Disposed is equal to Date Acquired.
Option write, expires:
Since you are short, the Date Acquired shows the date of expiration,
Enter "Expired" in 8949 column e) cost, but Turbo Tax won't let you do that directly so
you have to go through the "Add More Details" screen and select "Expired".
Your gain is the amount you received and it is a Short Term Capital Gain.
