Schwab reports the money generated by selling a call as “proceeds” and the when I covered at a loss, that was my “cost basis”. (I like that.) The loss generated is the obvious proceeds-cost, a negative number iin this case. BUT, Fidelity has reported – for a similar transaction – the cost basis as zero, and the proceeds as a negative number. This confuses matters when reporting the two sets together on Form 8949. There is a small Wash Sale transaction as well , which means I cannot directly enter totals on Schedule D. Help!