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TurboTax does not allow me to enter Box 1d "Proceeds" from a 1099-B for noncovered transactions involving selling covered call options. I can enter a cost basis = $0
TT is not picking up the proceeds from these transactions and I can not enter the proceeds amount. The cost basis matches my 1099-B but the proceeds amount is short of the total amount earned from writing covered calls.
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posted
August 17, 2022
3:03 PM
last updated
August 17, 2022
3:03 PM


2 Replies
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TurboTax does not allow me to enter Box 1d "Proceeds" from a 1099-B for noncovered transactions involving selling covered call options. I can enter a cost basis = $0
Did you import the data from your broker? Have you tried deleting the entire transaction and entering it from scratch?
Otherwise, you might have to contact Support.
August 17, 2022
3:52 PM
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TurboTax does not allow me to enter Box 1d "Proceeds" from a 1099-B for noncovered transactions involving selling covered call options. I can enter a cost basis = $0
"amount earned from writing covered"
that is your proceeds minus cost.
both amounts can be entered in the 1099-B window when you enter it yourself..
August 17, 2022
4:44 PM
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