How would I adjust the information in the "additional info" section to account for this same day scenario - Proceeds (Box1d) $10,000; Cost Basis (Box1e) $5000; Gain/Loss $5000; Box 6 Gross Proceeds?
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Oftentimes, the cost basis of an NQSO sale reported on a 1099-B doesn't include the stock's discount (compensation). If the compensation was reported on your W-2 (box 12, code V), you could be paying more taxes than you need to.
Your correct per share basis for this stock is the sum per share exercise price and the per share fair market value of the stock on the date of exercise. In other words, it’s the same as per share fair market value figure used by your employer to figure the compensation.
A same-day (cashless) NQSO transaction will usually "net out" to a small loss, representing the commission and fees associated with the transaction.
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