Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
vpeppen
Level 3

Option trade reporting

TurboTax 2020 gives an error message for an options trade that results in a loss. The brokerage 1099B form reports it with a proceed which is negative (the loss) while the basis is zero. Last year's TurboTax had no problem with this. However, Turbotax 2020 does not accept a negative amount in the proceeds box; it claims that it has to be a positive number. When will this be corrected?

1 Best answer

Accepted Solutions
CarissaM
Intuit Alumni

Option trade reporting

It would be best for you to follow the instructions here to contact customer service. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
CarissaM
Intuit Alumni

Option trade reporting

It would be best for you to follow the instructions here to contact customer service. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v