topic How do I import hundreds of S&P Index option trades from my 1099? in Get your taxes done using TurboTax

How do I import hundreds of S&P Index option trades from my 1099?

pyoung5555 — Sat, 01 Jun 2019 15:38:57 GMT

These are Section 1256 contracts and I don't think there'...

TomYoung — Sat, 01 Jun 2019 15:38:59 GMT

These are Section 1256 contracts and I don't think there's any "import" function available here. Use the "Options and Straddles" interview.

Tom Young

Turbotax Online has problems dealing with hundreds of tra...

fanfare — Sat, 01 Jun 2019 15:39:00 GMT

Turbotax Online has problems dealing with hundreds of transactions

As an active optrions trader you must be aware that Box A and Box D transactions with no adjustments do not have to be itemized on Form 8949. Thus there is no reason to import those transactions.

instead report subtotals on schedule d Line 1a for A and Line 8a for D

If you have wash sales, it gets more complicated since those have to be itemized on Form 8949 and the summary totals adjusted accordingly.

Re: Turbotax Online has problems dealing with hundreds of tra...

zenmster — Sat, 01 Feb 2020 18:17:30 GMT

Does TT now still have probs w this? I have 900 transactions and 70% are buys/sells same day or same week. Ugh

topic How do I import hundreds of S&amp;P Index option trades from my 1099? in Get your taxes done using TurboTax

How do I import hundreds of S&P Index option trades from my 1099?

These are Section 1256 contracts and I don't think there'...

Turbotax Online has problems dealing with hundreds of tra...

Re: Turbotax Online has problems dealing with hundreds of tra...

topic How do I import hundreds of S&P Index option trades from my 1099? in Get your taxes done using TurboTax