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Retirement tax questions
After wasting multiple hours on the phone with Turbotax last month I ended up editing the transactions that were affected by this since Turbotax wouldn't fix their software. The tax professionnal's advice was to paper file my tax return, which means I would wait 2 years to get my refund. Ridiculous solution.
This issue arose because over covered calls I wrote and then bought back to close out the position at a loss. To circumvent the issue so I could e-file I did the following:
I entered the sale proceeds and $0.00 and entered the cost basis as my loss (but as a positive number) so the end loss was reflected correctly.
IRS accepted my e-file 3 weeks ago and I received my refund.
Shame on turbotax for not fixing this known bug. Good luck to everyone.