cgong123
New Member

Get your taxes done using TurboTax

Same situation with S-SAR exersale from same Swiss company.

 

I entered the 1099-B info into TurboTax Premier and checked the "Allow me to continue with incomplete info" because the 1099-B does not give a cost-basis. I selected NQSO as the option type. However, TurboTax gives a Total Proceeds Summary screen with an incorrect calculation of the Selling Price per Share that I cannot change (it takes the Total Proceeds from the 1099-B and divides it by the number of shares). This causes a small loss amount which is not real.

 

I don't see any option to adjust the Cost Basis. Am I looking down the wrong path?