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Get your taxes done using TurboTax
The question was for 2021 taxes, but I have the same question for 2023 -- not sure if tax law changed.
If I understand the language, "exercising" the options is the buying of the shares. So, I would have bought the shares at the option price and sold them at market price, generating a gain.
I have received both a 1099B and W2 for the same transaction.
Turbo Tax has recognized these as separate transactions, and I am being taxed twice.
Am I missing something?
‎February 3, 2023
3:45 PM