If I have sold a covered call option and it expired worthless. Where do I enter the premium I have received for selling the option as a capital gain.

[adeepm]

In this year Turbotax, when I select 'Type of investment' as 'Options' and select expired, it only allows to Cost or other basis. There is no field to enter the proceeds i.e the premium.

[Anonymous]

lie and select stock.  it doesn't matter.  then you will enter the info just like you sold a stock with $0 cost.  it is treated as a short-term capital gain.  

[fanfare]

In previous times (CD/Download), marking an option "Expired" had no effect.

Now (Online) it  makes things go from bad to worst.

Pretty sad for a "Premier" tax software product from a "top-tier" company !!

[fanfare]

Date Acquired on an expired short option is the date of expiry.

Date Sold is the settlement which is one business day later.

Options settle in one day.

[ssedhain]

I cannot believe the software is so buggy. Will put people into serious trouble if one trusts the software to do the right thing.