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fredkopf
Level 2
January 10, 2023
Question

Has TurboTax fixed its errors with reporting covered calls ?

  • January 10, 2023
  • 1 reply
  • 2 views
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1 reply

A
Anonymous_
Level 15
January 10, 2023

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

    F
    fredkopfAuthor
    Level 2
    January 10, 2023

    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.

    fanfare
    fanfare
    Level 15
    January 10, 2023

    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 

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