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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121146  
Subject: Re: Options & Taxes Date: 2/21/2000 10:48 PM
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<< Form 1099-B which I received from my broker (Scottrade) does not include option sales in 1099-B "Proceeds from Broker Transactions" section. And top of that page mentions that info on this page is being reported to IRS. On a separate page titled "Non-reportable Activity", form contains gross purchases and sales proceeds info for options. Is that how all brokers report? Has anyone used TurboTaxWeb to file return including option trades? How do you handle options in there? >>

Options are not required to be reported on the 1099-B. You report options on Schedule D. I strongly urge you to get a copy of Schedule D and the instructions and understand this thoroughly before you try to figure out how to convey the information to TurboTax online or any other software.

Phil Marti
Tax Preparer
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