Where is option to adjust cost basis for NQSO?

[dianeo]

Can I update the cost basis for NQSOs during the interview steps? I don't see a place to do it.

[AmyC]

Yes, follow these steps:

1. After entering the 1099-B, continue
2. Done, Sale of employee stock? Yes
3. Remember? yes or no
4. continue
5. Select NQSO
6. continue
7. Identify employer, continue
8. same day or not?
9. continue
10. Enter sales date and  number of shares.
11. continue
12.  Total proceeds summary
13. continue
14. lots are identified, continue 
15. then purchase information can be entered
16. continue
17. view results

In program, under Investment Income  there is an article explaining to adjust basis by adding W2 compensation - if it was not added in 1099-B - most likely, it was not added. A same day cashless transaction will usually net a small loss representing commission and fees for the transaction.

[dianeo]

Your steps matched my Premier version, up until near the end. I ended up actually changing the FMV on the Employee Stock Worksheet to get the numbers I needed. The compensation income verification didn't match, so I made the FMV change for the NQSO where the step-by-step process wasn't working properly.

Thanks for such detailed steps.  I appreciate you effort to help.

[daxers3]

I hope its help