Hi there, exercised some NSOs options hosted by Shareworks in 2022 and got 1099-B. Questions:
1. is there a way for TurboTax to download from Shareworks for the details transaction?
2. In the 1099-B form I received, it has each transaction details and also has a total Proceeds and Total Cost row, I tried just entering one line with the totals instead entering each transaction, but TurboTax did not provide the steps to treat these are NSOs options transactions so came up with regular capital gain, instead of ordinary income that already reflected in W2 income. Do I have to enter each transaction to have TurboTax features pop up for the NSOs treatment? Is there a way I can just enter one line with totals with proper NSOs treatment reflected? Thanks
1. TurboTax doesn't partner with Shareworks. Here is a list of all of the TurboTax partners.
2. There isn't a shortcut for the ISO import unless you enter summary totals. You can enter the total trades for each category and give the NSO option to the summary amount. However, the system may instruct you to mail in your 1099-B even though you electronically file the return at that point. So just be aware of that.
Here is a good article on NSOs in TurboTax.