I have a W2 from employer with box 12 code v entry. I cashed out thru e trade. Is another tax form coming? I imported my W2, am I done reguarding this transaction.

are box 12 code v entries handled by turbo tax

37442

New Member

Jun 6, 2019 8:22:48 AM

Yes, you will be needing a 1099-B from E-trade. You will enter this in the Investment section of TurboTax.

A code of V in Box 12 of your W-2 is an amount that was exercise of non-statutory stock option.

This amount is included with your taxable income in boxes 1, 3, and 5. This will need to be reported on your Schedule D. TurboTax helps you do this in the Investment section.

The following link with be helpful for understanding how to report your stock option.

https://turbotax.intuit.com/tax-tips/investments-and-taxes/how-to-report-stock-options-on-your-tax-r...

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I have a W2 from employer with box 12 code v entry. I cashed out thru e trade. Is another tax form coming? I imported my W2, am I done reguarding this transaction.