Have you double checked that your stocks are not being duplicated? As stated above, if following the step by step entry and you have 100 stocks, you will want to verify that any duplicate sale transactions are not being enter twice on the number of stocks entry. If the number of stocks is duplicated then the amounts will be doubled based on that entry.
Per, TomYoung's example, "if you had a vesting of, say, 100 shares and sold stock twice out of that vesting, you more than likely entered "100" in the "Total Shares/Vested Released" for each sale and TurboTax doesn't know that you're referring to the same vesting. So it calculates the compensation on two vesting's of 100 shares, doubling your actual compensation figure."
To correct, you will check the entry box for total shares/vested released and make sure the entry is not more than it should be. To check this in TurboTax online, you will follow these steps:
- Click wages and income
- Scroll Down to Investments and savings, click show more
- Click revisit next to stocks, cryptocurrency, mutual funds, bonds, other (1099-B)
- Verify sale entries and total shares/vested released are accurate
@GFG
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