TurboTax Premier Online is making me manually review every option I sold in 2022. My broker is Fidelity. Every option sold that is marked as zero cost basis, the software is making me click through multiple pages to confirm it is as entered on the 1099. Last year I had ~ 50 trades. I already have over 120 trades this year.
Tax year 2022 is already a lost cause, but I'm not going to manually review all my option trades for 2023 next tax season. Is this some kind of glitch, or is there a way to clear all of these reviews all at once?
You'll need to sign in or create an account to connect with an expert.
A zero cost basis is a cause for concern in the system. Saying "I sold a thing I didn't pay for" raises a red flag. So, the likelihood that you will have to review every time that that happens seems high. If it gets to be too many then you may want to forgo importing your broker statement and just enter summary totals and mail the statement in.
A zero cost basis is a cause for concern in the system. Saying "I sold a thing I didn't pay for" raises a red flag. So, the likelihood that you will have to review every time that that happens seems high. If it gets to be too many then you may want to forgo importing your broker statement and just enter summary totals and mail the statement in.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
amberbartz
New Member
andrewporcelli21
New Member
dimi1927
Level 3
mrhardrockcafe
Level 1
michellebruno24
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.