Get your taxes done using TurboTax

DianeW777 · ‎January 25, 2021

These steps should provide you the correct steps for NQSO & ISOs, previously exercised (prior to 2020) and sold in 2020. Do NOT make the selection of ISO Exercise and Hold, under Investment Income in the year of sale when the stock was exercised in an earlier year.

Enter these under Investment Income > Stocks, Mutual Funds, Bonds, Other > Start/Update
- Be sure to select I'll enter myself so that you can change the purchase price to add the FMV difference taxed when you exercised this stock in a prior year.
Enter one sale at a time or choose summary > Continue to enter the details for the ISOs sales
- Be sure to select Long or Short term noncovered as the Sale Category
Included below are the images from TurboTax Desktop version

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