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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.
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‎April 10, 2022
3:35 PM