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mfung81
New Member

How do you report options that you opened and then closed on your taxes. What about options that expired?

 
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JohnB5677
Expert Alumni

How do you report options that you opened and then closed on your taxes. What about options that expired?

You will report options as capital gains/losses under Investments and Savings. Options are usually included on your 1099-B investment report.

 

Log into TurboTax

  1. Under Federal
  2. Income
  3. Select Investments and savings
    1. Forms 1099-B, 1099-INT, 1099-DIV and 1099-DA, crypto
  4. Follow the interview
    1. You will be asked questions that will help prepare TurboTax for your information.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
JohnB5677
Expert Alumni

How do you report options that you opened and then closed on your taxes. What about options that expired?

You will report options as capital gains/losses under Investments and Savings. Options are usually included on your 1099-B investment report.

 

Log into TurboTax

  1. Under Federal
  2. Income
  3. Select Investments and savings
    1. Forms 1099-B, 1099-INT, 1099-DIV and 1099-DA, crypto
  4. Follow the interview
    1. You will be asked questions that will help prepare TurboTax for your information.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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