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New Member
posted Mar 9, 2023 12:30:41 PM

I have some income from selling covered calls. Where do I enter it? Can't find any help in the Help.

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1 Replies
Expert Alumni
Mar 9, 2023 1:25:23 PM

If you buy or sell a stock option in the open market, the taxation rules are similar to options you receive from an employer. When you buy an open-market option, you're not responsible for reporting any information on your tax return.

However, when you sell an option—or the stock you acquired by exercising the option—you must report the profit or loss on Schedule D of your Form 1040.

 

How to Repost Sales of Stock Options

 

This link provides step by step guidance for entering information into TurboTax

Where to Enter Investment Sales in TurboTax