How to enter 2 stock sale proceeds in 1099-B that are listed separately; one for the original NQOS vested stock sale and the other for the split stock sale?

[peegoar]

In my 1099-B, my broker has listed 2 separate stock sale transactions for NQOS; one for the original 450 vested shares (exercised in one lot at $5/share) and the second for the split stock sale of 450 shares. The stocks were split 2:1 few years back. Should I enter these 2 sales separately one for each 450 shares or for a combined 900 shares? How to calculate the cost basis for this sale? I am using TurboTax Premier.

[DDollar]

When the stock split, the only thing that changed is the number of shares was doubled, and your cost basis per share was cut in half.  There is no difference between the two.  As for the cost basis, since they were non qualified stock options, any bargain element at the time you exercised them should have been added to your income, and included in box 1 of your W-2 for that year.  Your basis in the 900 shares of stock would be the amount you paid - $5 /2 = $250 plus the amount added to your income (the bargain element) divided by 900.  It doesn't matter whether you enter the sale as one transaction or two.

[peegoar]

Thanks for the quick response. I forgot to mention that I sold these stocks after I quit my company and I do not have W2 from this company.

[DDollar]

The income should have been added to your income in the year you exercised the options, not when you sold the stock.