Thanks, but I need more information.
I am using standalone TurboTax from CD, not the online version. It does not seem to have the prompts you suggest. I start at a page which lists all the sales reported by a given broker. All stock information was downloaded from the broker with $0 cost basis and listed as a sale (which it is, along with the exercise which is not listed separately.)
These are nonqual stock options, not ISOs, hence non-statutory?
I have all the information listed as being in a Form 3921 you mention, but it is presented as "Stock Plan Transactions Supplement" provided also by the broker..
When I enter the information, I can either choose short term covered or short term noncovered, but in practice, it involves a combination of the two.
No matter which one I chose, it seems to increase my taxes in an unreasonable way. As I understand it, the portion that went on the W-2 is already taxed and the remainder is a loss, so there should be no increase in taxes owed. Where do I go from here?
