I sold Stock Options that I received from my Employer. After the sale the profit and the Federal taxes were held out and showed on my paycheck stub. It is on the totals on my W2 form.
Merrill Lynch also send me a 1099B which shows the profits but does not have the Federal tax on it.
When I add the info on the 1099B it make me showing 31000 more in income and owing an extra $6600.
I then can type in the amount of the taxes I paid on the next page of Trubo Tax and it goes back to the amount it was before I entered it.
Doing this creates a different problem. At the end of filling out Turbo Tax it adds on 22000 for my income for the year.
So am I better to leave it this way or not put in the 1099B information since the income and taxes already are showing on my W2.
Thanks
