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

 
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3 Replies

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's any "import" function available here.  Use the "Options and Straddles" interview.

Tom Young

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

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.

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

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

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