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It's making me review every options sale

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? 

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1 Best answer

Accepted Solutions
RobertB4444
Expert Alumni

It's making me review every options sale

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.

 

@optionstraderxxx22222 

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1 Reply
RobertB4444
Expert Alumni

It's making me review every options sale

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.

 

@optionstraderxxx22222 

**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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