JohnB5677
Expert Alumni

Investors & landlords

I'm not sure what you mean by "there is no box for proceeds".  Is that on the 1099-B form? 

  • These may be open positions that you have not closed yet, 
  • Or possibly short option positions that had expired and gone to zero.

Yes, you should post the transaction as a (Short/Long) term basis reported to IRS (covered)

The Short or Long term designation will depend on the holding period.

 

Under new broker reporting requirements, options transactions are now reported to the Internal Revenue Service when you close the position, including your cost basis and capital gain or loss.

 

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