I have hundreds of option trades and lots of them expired. The expired put option did not occur any cost and the cost basis is thus zero, But I have been asked by Turbotax to review each of them even though the answer will be the same. How can I give just one answer to save hours of typing? Thank yo0u for your help.
a resourceful user reported previously that you can ignore those warning and proceed to the FILE step.
If no other issues, your return will go through.
You can delete all your individual transactions and enter summaries instead. TurboTax will ask whether you want to "Enter sales section totals" or "Enter sales one by one."
Choose section totals. You will have to send the IRS a copy of your brokerage information showing the transaction totals.
Thank you. I'll try to ignore the review request to see if I can go through to the filing stage.