Bistro1
New Member

Avoidance of double tax payment on stock option sale

I bought and sold stock options in 2021 in a single-day cashless transaction.  The transaction was reported both by my company on a W-2 as income and also by the financial company who handled the transaction, as short term capital gains (1099-B).  When I put both into the TurboTax system as they are reported to me, it counts the transaction twice, once as income and the second as short term capital gains.  How do I avoid paying double the amount I should owe without "not reporting" one or the other data set.