CollenD3
Other forums are saying that this is a Turbo Tax error that has occurred in previously years. Can you share where you saw “ Starting from 2020, IRS will reject (no longer allow) negative proceeds....“. My situation is I first sold naked puts and bought it back later for a loss (paid more than what I initial sold it for). TD Ameritrade is showing a zero cost basis and a negative proceeds on their 1099-B. No problem for previous years. Thanks much if you could elaborate. According to IRS, what is on the tax return needs to match what is on the 1098-B which was sent to IRS. 1099-B is clearing now the negative numbers and brokers are saying they are not correcting them because they were correct.
best regards,
