Perhaps. Your opening position is a sell to open because you were selling a covered call. TurboTax may be interpreting your sell to open as the closing transaction because a sell usually comes later in time than a buy. Thus, you need to make the expiration date of the option your purchase date, and your sell to open as the sell date. In this way, the proceeds you received from the sale of the covered call, will be your sale proceeds. The option expiration as the purchase date will reflect a cost basis of zero, thus the option premium you received will be your total gain.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Still have questions?Make a post