Double taxed for ISO stock sale on W2 and eTrade

ybudak123 · ‎June 7, 2019

I have sold some ISO shares last year. I have also purchased and kept some of the ISO shares. When my W2 is downloaded into ADP and stocks from Etrade, I see that I am being taxed twice for 2017 in home and business turbo tax edition. The ISO stock sale is already reported on the W2.Why am I being taxed again with eTrade 1099B?

MarilynG · ‎June 7, 2019

You will need to adjust your Cost Basis on the 1099-B so that it equals the amount paid for the option, plus the amount reported as income on your W-2.

Here's more info:

https://ttlc.intuit.com/replies/4777014

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View solution in original post

MarilynG · ‎June 7, 2019

You will need to adjust your Cost Basis on the 1099-B so that it equals the amount paid for the option, plus the amount reported as income on your W-2.

Here's more info:

https://ttlc.intuit.com/replies/4777014

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Double taxed for ISO stock sale on W2 and eTrade