Has TurboTax fixed its errors with reporting covered calls ?
03503
3 Replies
Anonymous_
Level 15
Jan 10, 2023 7:25:07 AM
You might want to mention the exact error(s) for reference.
fredkopf
New Member
Jan 10, 2023 7:29:15 AM
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
Level 15
Jan 10, 2023 10:57:37 AM
option trades are covered transactions.
You can report their subtotals on Schedule D line 1a and 8a as long as they are without adjustments.