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Get your taxes done using TurboTax
If you exercised stock options, your Cost Basis would be the Exercise Price, plus any amount of discount you were taxed on your W-2. Since brokers don't have this info, they often report a cost basis of $0 on the 1099-B. You may have received Form 3922 reporting the exercise price.
If you can calculate your correct Cost Basis, you can enter your 1099-B as a regular stock sale (not employee stock) and check the box 'cost basis is missing or incorrect' and enter the correct basis. Since you exercised the options the options in 2022, you can indicate long-term and 'various' as the dates.
Here's more info on Employee Stock Purchase Plans.
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‎April 3, 2025
11:07 AM