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Get your taxes done using TurboTax
Hello - I am getting confused with the difference between "Exercise Price" and "FMV per share" since the ISO income is already reported on my W2 and not to double count, which one do I use as my adjusted cost basis for reporting in the 1099 section in TT? Do I use the FMV or Exercise price?
(I have these numbers from a 3921 form that I received)
as for NQ - I got other forms and these transactions also are reported in my W2 but no 3921 form, but I do have adjusted cost basis from another form received from work.
What is the right cost basis $ that I need to report, given that it is shown on my W2 as income.... would that be the "Value Basis ($)" column or the "Price/ Tax Basis ($)" column?
‎April 12, 2022
8:50 PM