TomYoung, I just knew you would know the answer to this -- thank you! Exactly the information I needed! I read somewhere that I should combine my out of pocket costs with the compensation element. But I'll use the compensation element on W2 Box 12 -V only for the shares I sold. I think I can figure that out by looking at the 1099, adding up total sold (& the gains.)
Complicating matters... my 1099 shows that when I sold stock it was AFTER I exercised. You see, I did not conduct a cashless exercise. I paid cash up front to exercise and then took the cash back based on what i needed to pay myself back the cash.
And there were TWO transactions that I conducted to get my cash back:
one is short term cover securities (exercised 300 options acquired 6/18 and sold stock in 8/18)
one is long term covered securities (about 120 stock options acquired 3/17 acquisition date of stock, sold also on 8/18)
Maybe I should enter these transactions separately in Turbo Tax vs. summarizing? Then adjust the cost basis for each transaction using the compensation element + out of pocket for each. What do you think?
