AmyC: Thank you for the expert advice - I really appreciate it.
Just want to confirm your guidance:
In my case of exercising company stock option 10 times from the same grant lot and sold immediately after each exercise, the 1099B showed these as short-term covered without adjustment, I can (1) summarize the total proceed and cost base without itemizing each of the exercises and sales, (2) I can add W2 Box 12a amount to the 1099B cost base - the IRS should be able to figure this out as Box 12a showed "V" for non-statutory stock option - and the addition of W2 Box 12a to the 1099B cost base is not considered as an "adjustment" in as a sense like what IRS considers as "adjustment" like wash sale etc, (3) I do not have to send/mail in 1099B as the IRS has already received it from the brokerage firm, and (4) I should keep all records for 3 years in case that the IRS has any questions.
Did I summarize correctly and do you agree with the above as a clear approach to efile in Turbotax?
Thanks again.
