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?
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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
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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