No, although this will get you there if you are referring to the amount in Box 12 with a Code V of your W-2. I'm assuming you are using TurboTax Desktop since you did not see the screen @FangxiaL showed you. To enter your stock option on TurboTax Desktop:
- Enter the information on the sale from your 1099-B exactly as it appears in the Personal Income > Investment Income > Stocks, Mutual Funds, Bonds, Other.
- Under Was this a sale of employee stock? answer Yes.
- Select the type of stock option on the next screen.
- After navigating through the following screens, TurboTax will calculate the amount that has already been included as compensation so that you will not be double-taxed on the sale of the stock.
The answer should be the same but doing it this way shows on the form submitted to the IRS the original basis and the adjustment to it.
