ThomasM125
Expert Alumni

State tax filing

By not selecting NQSO in the sales option it may make it less complicated to report the sale of company stock, as you may need to enter less information. But you can select that option if you want.

 

It seems you sold all of the shares that were issued, so the cost of the shares for tax purposes when you report their sale would be what you paid for them, plus the commission and plus the income assigned to you on your W-2. The total gain is what you sold them for less what you paid for them. Part of that is reflected on your W-2 form as wage income so the rest is reported when you enter the 1099-B form in TurboTax. So, the sales proceeds less the wage income less the commission expense less what you paid for the shares will be your capital gain income. 

 

 

 

 

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