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@GeorgeM777 

thanks.

I have the info - the issue is how the enter info appropriately in TT. (btw - I found a bug - discuss later)

 

What I did do as filing time is upon us:

1) I entered the Gross Sales Proceeds that matches 1099B sent from Swiss Co (in USD) in TT Box 1d (this closely matches W2 income minus commission/fees)

2) Cost Basis (Box 1e) = 0

3) Fed Tax (Box 4) = 0

4) Yes-Yes for Sale of Employee Stock?

5) None of Above for Type of Employee Stock?

6) Checkmark Cost Basis is incorrect

(Cost Basis was not on 1099B) 

7) Enter Correct Cost Basis (which is basically the Sales Proceeds plus commission/fee)


This result effectively leads to a small capital loss (commission/fee) as the income and taxes is accounted for on the W2.  As the SSAR are taxed as ordinary income this exercise would properly pay the associated taxes required by the IRS. Also, the tax on the process should come out the same as RSU process with less complication or chance of getting double tax in entering in confusing info from Year End Statement and Documents from Swiss Co.

Make sense?

 

RSU bug: in researching between various options - I attempted the RSU process and then edited as discussed above, and TT gave me an error in Smart Check process where it remembered the RSU info. I had to delete and re-enter exercise info as described above.

 

thanks again