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If I go back in and manually calculate my adjustments and use those, it is correct. My losses aren't double. What is TurboTax doing that it doubled them? And how do I get them to allow me to actually fix my return instead of file an ammendment?
To get back in to your return after you've filed or finished to print and mail, you can "add a state" to make changes:
1. Sign In to TurboTax Online
2. Click "My TurboTax" menu
3. Press "Visit My Tax Timeline"
4. Under the "SOME THINGS YOU CAN DO" heading, choose "Add a state" (you're not really adding a state, this allows you to get back into your return).
5. Complete/correct as needed.
TurboTax has an interview for the sale of employer stock, including NQSO. Do not import you Form 1099-B with the sale of the ESPP stock. Instead, enter it yourself. To do so in TurboTax, (if using Online be sure you are logged in to your return):
Premier 2021 is not using the proceeds from cashless exercise on line 14 of the W-2 to calculate the adjusted basis for the granted stock options, but is somehow correcting that figure in the background. My adjustment is not exactly equal to the commission, but there is also rounding going for the Fair Market Price per share, which my broker reported to the ten thousandths of a cent. The result was a loss that is about double the commission. I wouldn't be surprised if the commission was being subtracted twice. Much easier to do in Deluxe where you manually enter the Adjustment (for proceeds reported on your W-2) - if you remember to do so.
If you are having issues entering Employee Stock Sales, delete your entries in this section and enter your 1099-B as a regular stock sale. When asked if 'employee stock', say No.
Enter your 1099-B as shown and check the box to indicate 'cost basis is incorrect' so you can then enter the correct Cost Basis (FMV on exercise date).
The compensation element is already reported correctly on your W-2. The amount in Box 14 is for your information only.
Click this link for info on How to Enter 1099-B.
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