JillS56
Expert Alumni

Investors & landlords

No.  The acquired date has to be before the sold date.  The dates need to be the opening date for "acquired" and the expiration date for "sold" or there will be issues with TurboTax. The important thing is to make sure the transaction is classified as short-term.

 

IRS says: 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". Last I tried, this had no effect either.

I add "Expired" in the description.

 

Publication 550 - Investment Income and Expense