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Question

Call options have a cost basis of $0 on the 1099B. Turbo tax imports the amount as blank and requires a review. Is there a way to correct or work around this.

Forum|Forum|1 year ago
January 30, 2025
1 reply
0 views

The 1099B was imported through Etrade (Morgan Stanley). This year I sold 40 or 50 call options, but for 2025 I expect to have 400 to 500 transactions and it will become a much larger problem.

You can Edit imported transactions to enter your correct Cost Basis, but it can cause problems. Here's info on How to Update or Delete Imported Data.

Next year, consider using TurboTax Online and saving your 1099-B as a PDF file. You can edit any transactions that need changing, then you can drag & drop the PDF into TurboTax Online. Choose the 'Summary' option.