3021500
You'll need to sign in or create an account to connect with an expert.
Enter the short put as you described in your post. That is, your sales proceeds are $1, and your cost is zero. Chronologically it may seem odd because your opening transaction was a sale (Sell to Open) and rather than buying the option back (Buy to Close) you chose to let it expire. Thus, enter your cost basis as zero, and if you have to enter a purchase date, use the date you shorted the option. Your sale date would then be the date the option expired worthless and enter the $1 as sale proceeds.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rskipton
New Member
4NAxent
Returning Member
rdemick54
New Member
johnnyschine2355
New Member
dov-sugarman
New Member