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Get your taxes done using TurboTax
You are supposed to update the cost "Basis" on the 1099-B to be the same the Market price for them on the day of exercise, before any brokerage fees are considered. The 1099-B should be a small loss.
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Read all of the following...but you will end up scrolling down to Example #2
Non-Qualified Stock Options - TurboTax Tax Tips & Videos
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 2, 2025
4:21 PM