Thanks Robert.
I have received a W2 (box 12a has "V" - non-statutory stock option exercise) and 1099B for the same exercise/immediate sales. This was for the same stock option grant. I exercised on 5 different days throughout the year. The short-term base was reported to the IRS.
What is the most acceptable way to handle nonqualified stock option exercise?
Must I report one sale at a time - 5 times, and go through worksheet by answering each time that it was employer stock option exercise? Or can I just report the total proceed and total cost base, and add the W-2 amount to the cost base - by doing so, the Turbotax will not take you through the worksheet for employer stock option exercise?
I am so confused as to what will be the most acceptable for the IRS.
