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Investors & landlords
"What kind of interview questions do you mean? "
Premier and above have "step by step" interviews for all sorts of employer stock incentive programs: ISO, NQSO, RUS, ESPP, etc. Those really are not necessary IF you know what you're doing.
" I take it then you mean that Sched D is there in paper form and I have a o read it’s instructions then input the stuff directly?"
NO. Although you can use TurboTax in "Forms Mode" - which is exactly like filling out paper forms - there's no need to resort to that in this case. ASSUMING any compensation associated with the sale HAS been reported on the W-2 then you can handle this with the generic "stock sale" interview. The broker is only going to report your out of pocket cost for the stock, not the correct cost which includes the compensation created by the sale. TurboTax's generic "stock' interview can handle this.
Premier and above have "step by step" interviews for all sorts of employer stock incentive programs: ISO, NQSO, RUS, ESPP, etc. Those really are not necessary IF you know what you're doing.
" I take it then you mean that Sched D is there in paper form and I have a o read it’s instructions then input the stuff directly?"
NO. Although you can use TurboTax in "Forms Mode" - which is exactly like filling out paper forms - there's no need to resort to that in this case. ASSUMING any compensation associated with the sale HAS been reported on the W-2 then you can handle this with the generic "stock sale" interview. The broker is only going to report your out of pocket cost for the stock, not the correct cost which includes the compensation created by the sale. TurboTax's generic "stock' interview can handle this.
June 6, 2019
7:09 AM