I added the acquisition cost reported on the brokerage statyem and the income reported on the W2. This is the same method I've used in the past, as described at this link:
<a rel="nofollow" target="_blank" href="
https://turbotax.intuit.com/tax-tips/investments-and-taxes/non-qualified-stock-options/L8zsxRi7B">ht...>
Here's the relevant section: "The cost basis is your original cost (the value of the stock, consisting of what you paid, plus the compensation element that you have to report as compensation income on your 2018 Form 1040). The cost basis is therefore, is the actual price paid per share times the number of shares...plus the...compensation reported on your 2018 Form W-2."
I used this method and my cost basis exceeded my proceeds by >5K.
>>>>>My question is, does this count as a capital loss for carryover purposes?<<<<<
I don't have a problem with this if it's legit, since I'll just claim the carryover loss next year (though I'd rather have the tax break right away); I just want to know if I'm missing something.
(I had a much more detailed description of my specific case, but the website would not allow me to post it. Too many numbers, I guess.)
