Yeah...one other thing.
You will likely get a 1099-B for that stock sale (sometime in February) from whatever financial institution handled the sale. And you will enter that exercise as a sale of stock.
....BUT it is important to note...that since the gain on that sale was noted and entered as part of your W-2, for the stock sale, you will update the basis on the date of the sale...to the price on the date of sale. Result is zero gain...(to small loss due to brokers fees). The IRS will expect to see that information on your tax return. Taxes were withheld on yoru W-2 for that income...but when entering the stock sale in the stock sale area...do not indicate in that area that taxes were withheld...they are already on your W-2 entry.
A full explanation of your procedure is shown on situation #2 here:
https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/Non-Qualified-Stock-Options/INF...
You will also need to be using the Premier, or H&B software to enter this data. Deluxe or Basic will no longer handle stock sales.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
