You do have the option of entering the bargain element (i.e., the difference between the option exercise price and the market value of the stock at the time of exercise) while in Forms mode; however, the preferred method is to use the step-by-step process. Thus, select the Business tab, and then while in the Business Income and Expenses section, scroll down to Business Income. Here are the remaining steps:
- At Business Income, select Start or Update
- On the next screen you will have the option of selecting the character of your business income. Given the income you need to report, you might consider the General Income option.
- Next you can enter a description and the amount of your bargain element income.
- Then just continue through the section, or if you need to enter additional income, the application will take you back to the screen where you can repeat the process and enter additional business income if necessary.
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