Hi David,
I have a slightly different issue on Turbo Tax. The 1099-B on short term capital gains for selling PUT options needed to be reviewed because of he cost basis being zero. So, while reviewing these transactions, I changed the answer for the "What type of investment did you sell" from "Stock (non-employee)" to "Options".
The moment "Options" is selected, further down there were 2 radio buttons - Sold or expired.
For the PUT Options that I sold and that had expired, I decided to choose "Expired". When I do that the "Proceeds" field disappears, and when I go to the end of the review, the Tax I owe started getting reduced.
I'm worried that Turbo Tax has taken the answers incorrectly. Any advice?
