I have stock options that I exercise and sell on same day for a public company. This income is reported in W2 Box-12 with code V(Income from exercise of non-statutory stock options).
I also get corresponding 1099-B from the brokerage company. It shows the proceeds, cost-basis, gains/loss etc.
I am using Turbotax Premier, as was in previous year. This reporting of this type of stock sale is always stressful, as it double counts, unless I fix it in Turbotax flow and I have been vary of it every year. What that does is this: It updates the Form 8949 (Part I), with column (g) in the "Amount of Adjustment" column with similar -ve value.
col (f) will have code B
col(g) will have -ve value of.
This neutralized the double counting.
However, this ability to adjust seems to be missing in this years Turbotax Premier, or am i missing something obvious?
