RobertB4444
Expert Alumni

Get your taxes done using TurboTax

Your math is correct for almost everything.  Check the ordinary income portion for all of the strikes held for more than two years.  It's slightly less.

 

Entering all of these in TurboTax isn't as easy as entering a standard stock sale.  Your colleagues are correct that you may need to mess with it a little to get the correct totals - especially if the basis is reported to you incorrectly on a 1099 or if the ordinary income is not properly reported on a W2.  That's why all of the trade forms that you receive tell you to save them until you decide to sell the stock.  You should have 3922s for every purchase that you make that will help you figure your basis when you sell.  In most cases you have to do this yourself.

 

[Edited 2/7/24  12:27 PM PST]

 

@ricammac 

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