Unfortunately I left that job so none of the proceeds was reported on my W2. To make matters a little quirkier the company I used to work for and whose shares we are taking about got bought and that’s when they settled all the stock that previous employees held. I was payed in two two large chucks in 2019 and a small chunk in 2020 to settle all proceeds. I was doing taxes for 2020 and entering the price I exercised the stock for and thought that I should be entering the real market value assed in 2017 not just the price I originally paid when I acquired. If I entered the original price the cost basis that TurboTax comes up with is only the price I payed and doesn’t take into account the gains I was taxed on in 2017 when I exercised and held.
So if I am correct I did my taxes wrong in 2019 as I reported the price as the original price I payed and not the real market value that would have become my “new” price when figuring out my capital gains.
