When I left a startup in 2013, I purchased my stock options. The company sold in 2022 at which point, I was paid out for all of my options. However, some of the proceeds were delayed to 2023 and 2024. How do I report these using TurboTax? TT Online wants to know details for each sale (which I reported for TY2022). I also rejects that the date sold was in 2022. How can I use TTO to report this correctly?
This can be entered easily for 2024 in TurboTax Online. The purchase date should be selected as 'Something other than a date', then then select 'Various'. What's important is that you receive long term treatment on the proceeds. As far as the sales day you can enter any date in 2024, which is when these proceeds were settled.
It would seem you have used up all of your cost basis with the initial transactions in prior years. For this reason you should leave the purchase price blank. Continue to complete your sale and you should be able to proceed to complete your return.
This can be entered easily for 2024 in TurboTax Online. The purchase date should be selected as 'Something other than a date', then then select 'Various'. What's important is that you receive long term treatment on the proceeds. As far as the sales day you can enter any date in 2024, which is when these proceeds were settled.
It would seem you have used up all of your cost basis with the initial transactions in prior years. For this reason you should leave the purchase price blank. Continue to complete your sale and you should be able to proceed to complete your return.