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  For "Sold to Open" (STO) option positions, the IRS cost basis is the premium received minus transaction costs (commissions/fees). When you close the position, you compare this initial premium (basis) to the "Bought to Close" (BTC) cost to determine short-term capital gain or loss. This is generally reported on Form 8949 and Schedule D.    The IRS mandates that a trader with a cash-settled, written contract report only the gain or loss as proceeds.  For "sold to open" transactions on your 1099-B with no cost basis, you must report the sale on Form 8949 and Schedule D, using your records to fill in the missing cost basis (premium received minus fees) to avoid being taxed on the entire proceeds. These are usually "noncovered" securities, meaning the broker was not required to report the basis to the IRS. @huangjenni

@mikebaker650  ADDENDUM Here's how to see your fees.  You might be able to remove something.   With your return interview open, in the left menu column click on TAX TOOLS, then TOOLS. In the Tools center click the blue button MY FEES.

@sehanford existing extra standard deduction of $6k for seniors. When you input your proper date of birth, TT will do all your calculations. For tax years 2025–2028, most seniors (65+) pay no federal tax on Social Security due to a new $6,000/$12,000 deduction, provided income is below $75,000 single/$150,000 joint. While not fully eliminated for all, this deduction significantly reduces tax liability, aiming to exempt 88% of seniors.   Review FORM 8582 to see the calculations TT did for you. The vast majority will have no tax on their social security,  which once again is not a benefit to the richest.

To preview your Form 1040 , including the government worksheets before you file, refer to the TurboTax article How do I preview my TurboTax Online return before filing?    Make sure that you select include government and TurboTax worksheets.   You will have to pay for TurboTax Online or register if using the free product before you can review all of the forms and schedules.

Yes, entering the stock sale info from the K-1 and editing the 1099-B entry as you suggested is a good way to proceed.  The broker doesn't have all your partnership info (like correct cost basis), and you want to preserve your K-1 carryovers properly.  Proceeds = Cost Basis would likely cause less scrutiny by IRS than zero'ing out proceeds and basis, though the outcome would be the same, as you mention, so either method is considered acceptable.    @Teep1 

Thanks. But I know how to add a password outside of TurboTax, but it is a bug that this cannot be done within TurboTax when you save a PDF from TurboTax — especially since I’m given the choice to set a password. This gives a false sense of security. TurboTax used to do this correctly — all of my prior years’ returns PDFs are correctly password protected.

Did you end up in a paid edition?  The charges (or free) depends on what edition one ended up using.   It's possible you either started off in the wrong edition, or perhaps you started in Free Edition but had to upgrade due to something in your return that Free Edition cannot handle.  The Free Edition is only for very simple returns--a Form 1040 with no additional forms/schedules other than Earned Income Credit, Child Tax Credit, and Student Loan Interest.   If you think you meet all the qualifications for Free Edition and don't think you need Deluxe or higher, and if you haven't already paid, you can downgrade to Free Edition (second FAQ below).  But if there's something that Free Edition cannot handle (see first FAQ below), it will ask you to upgrade again.   FAQ:  Why do I have to upgrade from Free Edition? https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/upgrade-free-editio...   FAQ:  How to I downgrade to a lower priced version of TurboTax Online? https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-pri..

You may be able to change some fields on the Federal Carryover Worksheet; however, depending what you want to change, right-click on the field and go to 'Data Source'.  You may want to change the amount in the interview in the section where carryovers are asked for (or pre-filled) when Amending.   @user17755999820 

I assume you really mean 2026. Turbotax and this forum can't help you. Once you file, Turbotax receives no additional info on your refund. This forum does not have access to your return or the IRS.. You'll have to contact the IRS. 

They should have taken the "lessens learned" from VINs -Vehicle Identification Numbers - that never use I, O, or Q for a reason........and now here we are..........   I was reading in some forum about the IRS paying interest on refunds that were not delivered after 45 days, if it was due to an IRS hold up. I'm wondering if anyone that has finally got their refunds paid, had any interest paid to them since this is taking significantly longer than 45 days at no fault of the taxpayer????? I'd be surprised, but thought I would ask.