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Level 2
posted Feb 19, 2025 5:26:10 PM

for call option, how to enter the cost basis

I sold call option, 1099 B shows the costs basis is 0, is this correct or I should adjust it by calculating the purchase price of the stocks?

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1 Replies
Expert Alumni
Feb 24, 2025 4:52:04 PM

Yes this is correct.  The cost basis for call options is usually zero.  You will want to verify all entries basis are enter correctly and make adjustments as needed.