During the year I sold some stock and stock options that I received as incentive compensation from my employer. When I made the sales, my employer deducted the federal taxes due on the gain. My employer included this income and the federal tax paid on my W2. I also received a 1099B form. In Turbo tax if I enter this in the W2 section and the 1099 section as income, it appears to double up my income. It looks like I should only enter this in the W2 section and not the 1099 section. Is that correct? Are there any implications if I do not add a 1099 section in my return, if all the income and taxes paid are included in the W2 section?
