https://ttlc.intuit.com/community/taxes/discussion/my-cashed-stock-options-taxes-are-taken-out-of-my-w2-option-v-on-box-12-i-can-t-figure-out-how-to/01/768800#M307487 Fri, 07 Jun 2019 22:39:53 GMT seabrookers2 2019-06-07T22:39:53Z https://ttlc.intuit.com/community/taxes/discussion/my-cashed-stock-options-taxes-are-taken-out-of-my-w2-option-v-on-box-12-i-can-t-figure-out-how-to/01/768800#M307487 Fri, 07 Jun 2019 22:39:53 GMT https://ttlc.intuit.com/community/taxes/discussion/my-cashed-stock-options-taxes-are-taken-out-of-my-w2-option-v-on-box-12-i-can-t-figure-out-how-to/01/768800#M307487 seabrookers2 2019-06-07T22:39:53Z https://ttlc.intuit.com/community/taxes/discussion/i-can-t-figure-out-how-to-record-the-1099-so-it-doesn-t/01/768806#M307489 <P>"I can't figure out how to record the 1099 so it doesn't double count the income"</P><P> <BR /> </P><P>You do that by using the <U>correct basis</U> for the sale.</P><P>Your per share basis for the stock sold is the sum of:</P><P>&nbsp;(per share cost of exercising) + (per share FMV used by the employer to calculate the compensation reported on W-2)</P><P>If you think about that a little bit you'll realize that your per share basis is the same as the per share FMV used by your employer.</P><P>So, on the 1099-B entry screen enter the 1099-B exactly as it reads, most likely with a basis that reflects only your per share out of pocket cost of exercising.&nbsp; Then click the blue "I'll enter additional info on my own" button.&nbsp; On the next page enter the correct basis in the "Corrected cost basis" box which is: (# of shares sold) x (per share basis).</P><P>That eliminates your "double" income problem.</P><P>Tom Young</P><BR /> Fri, 07 Jun 2019 22:39:54 GMT https://ttlc.intuit.com/community/taxes/discussion/i-can-t-figure-out-how-to-record-the-1099-so-it-doesn-t/01/768806#M307489 TomYoung 2019-06-07T22:39:54Z