BKS1
Level 2

Investors & landlords

Is it LTCG or STCG (long or short term capital gain)?     I sold a covered call option and the term was for about 14 months. It expired worthless.  Do you know how TurboTax handles this?There seems to be some confusion on how the short call should be reported.  Some sites say LT, others say all covered call options sold short would be STCG.  IRS guidelines not clear either.