I am using tt pr. I sold stock options, tt does not have a place to enter the proceeds I have spoken to tt help and they offerthat I pay extra for an expert to help me?

Forum|Forum|1 year ago
January 31, 2025
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tt premier does not have a place for me to enter the proceeds from a sale of stock options. TT solution was for me to pay extra to get expert help, since they felt this was complicated, actually just poor programming

Mike9241

not poor programming, poor advice. you enter the option sales on the same form you use to enter stock sales.

note that selling stock options does not result in income/loss unless either the position is closed or you are engaged in certain hedging transactions. didn't you get a 1099-B? that would probably contain the correct reporting.

ss243Author

Mike. I did get a 1099b from my brokerage account. Problem is Tt gave me the choice for the option transaction of sold or expired. The choices are not mutually exclusive. I sold the option short and then it did expire unexercised. I did figure out that using the sold choice I could enter the proceeds but then what purpose is served by the choice of expired. I stand by my prior comment of poor programming