3563119
Options - calls
My download from Morgan Stanley wealth management did not download call options that lost money.
Missing entries are in the Morgen Stanley data base from which the other data was downloaded. Other options
, puts and options that made money downloaded properly.
Is this a program bug or don't that do options?
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If you sold covered calls that don't meet the requirements of a "qualified" covered call (QCC), then it’s considered "unqualified" and is taxed as a straddle. Generally, QCCs are options written with an expiration date greater than 30 days and a strike price that is not "deep-in-the-money" (see IRS Publication 550 for more information). Non-QCCs are treated as straddles. Also, non-equity call options (e.g. index futures, currency futures, commodity futures) are treated as section 1256 contracts. The items are not included on Form 1099-B, although they are almost always listed on a supplemental schedule with the 1099-B. Because they are not part of the Form 1099-B, they will not import into TurboTax.
Straddles and Section 1256 contracts are reported on Form 6781. If you have straddles or Section 1256 contracts, to report them in TurboTax:
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