Thank you for the answer. I like your approach, as well.
I tried to enter the information for 2022 but ran into a complication:
If I enter just the summary information, it wants me to send in statements (since it's non-covered). That wouldn't work (since I don't have statements that reflect the escrow payment aside from the 1099-B itself).
Your recommendation was to fill in the same information that I had in the 2020 return. The issue there:
- Since I am putting the escrow payment as the sales proceeds, it is calculating the "selling price per share" (on the "total proceeds summary" page) as being very low, which makes sense to me; however,
- When I enter the original information on the "enter your purchase (exercise) information" page, I'm entering the original 3921 numbers, which results in the next page showing a massive short-term loss.
Would I want to enter different information in the "enter your purchase (exercise) information" page to indicate the $0 cost basis (as you recommended)? In other words, would I put $0 for the "exercise price per share" and the "market price on date options were exercised"?
Also, TurboTax has marked the sale date of 2020 as an error. If I mark it as 2022 instead, it will only charge me capital gains, which wouldn't be correct. Any thoughts about how to address this?
Thank you for your help.
