HelenC12
Expert Alumni

Get your taxes done using TurboTax

You only enter the information from the 1099-B form. The supplemental information is for your records. You may need it to calculate your adjusted cost basis. Since the gain on that stock sale was included as income on your W-2, to avoid double taxation:

  • You will need to change the stock basis on the date of the sale, to the price on the date of sale.  
  • The result is zero gain or a minor loss due to brokers commission/fees.  
  • The IRS will expect to see that information on your tax return.  

To enter your 1099-B form, see Where do I enter a 1099-B?

 

For additional information, see the TurboTax article: Non-Qualified Stock Options.

 

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