topic Has TurboTax fixed its errors with reporting covered calls ? in Get your taxes done using TurboTax

Has TurboTax fixed its errors with reporting covered calls ?

fredkopf — Mon, 23 Feb 2026 10:58:28 GMT

Re: Has TurboTax fixed its errors with reporting covered calls ?

Anonymous_ — Tue, 10 Jan 2023 15:25:07 GMT

You might want to mention the exact error(s) for reference.

Re: Has TurboTax fixed its errors with reporting covered calls ?

fredkopf — Tue, 10 Jan 2023 15:29:15 GMT

TurboTax wants you to enter zero for every single call transaction sold and purchased. This happens as I import myn1099 from my financial institution reporting each transaction for the year. I was told last year that either TurboTax would fix this or would be told that we can just submit at a “summary” level without each transaction perhaps ? Either way I want to know what to do this year.

Re: Has TurboTax fixed its errors with reporting covered calls ?

fanfare — Tue, 10 Jan 2023 18:57:37 GMT

option trades are covered transactions.

You can report their subtotals on Schedule D line 1a and 8a as long as they are without adjustments.

No mailing is needed. no attachment is needed

@fredkopf