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GDTaxHelp
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I sold an options put, then later bought to close that put. Date Acquired is now after date sold on 1099-B. TurboTax is confused by this. Do I just reverse the dates?

Sold one PUT option on 2/5, Bought it back on 3/25. 1099-B Tax form from my brokerage had the Date Acquired (box 1b) as 3/25 and the date sold (box 1c) as 2/05.   TurboTax doesn't seem to have an option to cover this common situation.    Do i just reverse the dates?  (I hope I'm missing something because that's a lot of annoying data entry)
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2 Replies

I sold an options put, then later bought to close that put. Date Acquired is now after date sold on 1099-B. TurboTax is confused by this. Do I just reverse the dates?

you are not the first one to report this issue with eth Turbotax online versions. the issue does not occur in the desktop version. contact Turbotax support. 

GDTaxHelp
Returning Member

I sold an options put, then later bought to close that put. Date Acquired is now after date sold on 1099-B. TurboTax is confused by this. Do I just reverse the dates?

I'm a little concerned that a financial company like TurboTax doesn't grasp options trading.  If its this bad next year I'd hate to have to switch. 

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