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Using turbo tax premier how do I adjust cost basis for employee stock options that appear on my W2 as income?
I'm using Turbo tax premier 2019 and I sold my employee stock options (ISOs). My W2 shows them as income, and how do I adjust the cost basis for the stock options that I sold, so I don't get taxed twice on them?
If I import my 1099-B from Etrade all I can do is adjust the basis on the 1099-B page. Which works just fine to make the adjustment, but is that the correct way to do it? If I go to "forms" the 1099B work sheet only shows two of my transactions. Should I enter all the transactions manually, so it can show the basis reported by Etrade and the corrected basis that I entered? From reading it seems like turbox tax online can handle this, should I switch?
Thanks in advance!
Chris
‎July 11, 2020
10:34 AM