GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

Question 1 - Yes, if the NQSOs were granted to you in multiple lots, then you should report them as such.  Although, it appears that you have entered a summary of these transactions rather than as individual transactions.  Is that what you have entered, a summary versus the individual lots?  A summary may work, although it may require that you also mail your 1099-B to the IRS.   You are correct in that the gain/loss does matter as that is what your tax, if any, will be based on.

 

Question 2 - Yes, you should use the cost basis number on the 1099-B.  The cost basis, if summarized, should be the sum total of all costs.  

 

Question 3 - That loss amount of 0.33 suggests there is no gain or loss because a loss of 0.33 will round down to zero.   With neither a gain nor loss probably accounts for the reason why you are not seeing any change in your overall return after entering the NQSOs.  Does your 1099-B reflect any gain or loss for the NQSOs?  If it does, it may not be accurate unless the broker knew your cost basis when you exercised the options. 

 

@amac121316

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"