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Level 2
posted Jan 31, 2025 2:59:13 PM

I am using tt pr. I sold stock options, tt does not have a place to enter the proceeds I have spoken to tt help and they offerthat I pay extra for an expert to help me?

tt premier does not have a place for me to enter the proceeds from a sale of stock options. TT solution was for me to pay extra to get expert help, since they felt this was complicated, actually just poor programming

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2 Replies
Level 15
Jan 31, 2025 5:43:00 PM

not poor programming, poor advice. you enter the option sales on the same form you use to enter stock sales.

 

 

note that selling stock options does not result in income/loss unless either the position is closed or you are engaged in certain hedging transactions. didn't you get a 1099-B? that would probably contain the correct reporting. 

Level 2
Feb 1, 2025 8:30:26 AM

Mike.  I did get a 1099b from my brokerage account.  Problem is Tt gave me the choice for the option transaction of sold or expired.  The choices are not mutually exclusive.  I sold the option short and then it did expire unexercised.   I did figure out that using the sold choice I could enter the proceeds but then what purpose is served by the choice of expired.  I stand by my prior comment of poor programming