A Short Sale is when the investor sells a stock, or an option with the expectation that it is going to go down in value. The investor can then re-purchase it at a lower price resulting in a profit. This is a proven strategy that investors do use. Tot correctly post a short sale.
To post a Short Sale go to:
- Income & expenses
- Scroll down to Investment Income 1099-B or broker statements
- Select Contracts and Straddles
- Any Straddles or Section 1256 Contracts? Yes or No
- Any Elections? You can leave this blank
- Now you can select Gain, or Loss from Straddles
- Post your information
The dates will process correctly.
@dandy48
Edited: 04/11/2020
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