@TomYoung
Thanks Tom for the quick response and for sharing the screenshots. Yes they are NQSOs; they were exercised and sold on the same day, so I believe they are cashless transactions. TT uploaded my etrade account info automatically so I didn't see any screen resembling the "Enter Your Purchase (Exercise) Information" you pasted into your response.
Instead, I chose to edit and then adjust my cost basis for each transaction, by checking the box: "The cost basis is incorrect or missing on my 1099-B." That takes me to a screen that allows me to say who the shares belonged to, select the employer listed in our W2s, and the number of shares sold. The next screen is where I entered details from each trade confirm: Date options were granted, Exercise price (per share), Number of shares exercised and Exercise commissions or fees paid.
I followed the above steps for all 12 transactions. Side note, yes the compensation is included in the W2, both in box 1 and separately as "V" in box 12a. For each trade, I have an exercise confirmation that shows grant date/number/type/price, sale price, exercise market value, share exercised, total gain, taxable gain, gross proceeds, total price, commission fee, taxes withheld, and net proceeds (nothing that specifically spells out cost basis).
Interestingly, TT is flagging my line 18 as an error because Column E is more than Column G. In the screenshot you sent, you have the same situation (e=90, while g=89.9). When I get to the Federal Review on TT, the Employer Stock Worksheet shows my first trade column e value is $191.42, and column g's value is listed as 191.32. I can't find that 191.32 value on any etrade document. Where is it coming from? On my first trade confirm, the "sale price" which I presume goes in column (e) is $191.42 and the "Exercise Market Value," presumably column (g), is $191.58. I just don't see that field you shared "Market Price on Date Options Were Exercised (per share)" anywhere on my TT screens.
Could this be my problem: I started my return using the self-employed version of Turbo Tax. Should/Can I switch to Premier to find the right questions for stock option sales? Will that solve my issue??
thanks again for the help.
