Option Trading

[eremitic]

I'm entering option trades from my 1099-B. I let some covered calls expire rather than buying them back. But if I chose "Expired" in TurboTax, the proceeds from that transaction (from box 1d) disappear. Should I enter "Sold" instead?

[fanfare]

TurboTax handling of the "EXPIRED" selection leaves a lot to be desired.

[fanfare]

@eremitic 

if you were short, don't use that option.

the correct Date Acquired for a short that expires is the date of expiry.

Date Disposed is the next business day, or the same day if you have a profit, which is the case when it expires.