I generally don't advise using the "guided" programs for the sale of stock acquired via the various employee stock incentive programs as the interviews are somewhat confusing often resulting in errors, (case in point), and there's absolutely no "Income Tax Reporting Requirement" that these interviews be used.
You have two ways of going here:
- Delete the trade and simply enter it using the "regular" 1099-B interview for "plain vanilla" stock, (e.g., a stock you bought through your broker), using the exercise price, or
- Change the "fair market value" to the same number as the exercise price.
The point of asking about fair market value is so TurboTax can calculate the compensation created by the exercise and add that compensation to the exercise price in order to come to a correct basis figure for the trade. Obviously your exercise didn't create any compensation reported to you on your W-2 so your correct basis is exactly what you paid for it.
