Option Trading

Forum|Forum|4 years ago
April 15, 2022
2 replies
30 views

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

Level 15

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

fanfare

Level 15

@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.

Option Trading

2 replies

Unlock tailored help options in your account

Get answers to all your tax questions

Unlock tailored help options in your account

Get answers to all your tax questions

Sign up

Login with SSO

Let's get you signed in

Login with SSO