Questions & Answers

What if I have expired options?

Purchased Options
Menu Path: Income > Common Income > Stocks or Investments Sold (1099-B)

If you purchased an option that expired without being exercised, you'll need to go to the Stock or Investment Sale Information screen and do the following:

  • Enter the date acquired as the purchased date of the option.
  • Enter the sold or disposed date as the date the option expired.
  • Enter zero as the sales proceeds.
  • Enter the cost basis as the amount you paid for the option.
  • On the next screen, check the box indicating the option expired.
Sold Options
Menu Path: Income > Common Income > Stocks or Investments Sold (1099-B)

If you sold (wrote or granted) an option that expired without being exercised, you'll need to go to the Stock or Investment Sale Information screen and do the following:
  • Enter the date acquired as the date the option expired.
  • Enter the sold or disposed date as the date the option expired (same as acquired date).
  • Enter the sales proceeds as the amount you received for selling the option.
  • Enter zero as the cost basis.
  • On the next screen, check the box indicating the option expired.

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