Quote:
Originally Posted by safari
I think you misunderstood what we've been trying to tell you. Please reread the last post by Like2Plan. ISO is not the right place to enter your 1099-B information. ISO stands for Incentive Stock Options which is a different type of stock options. Because you received a W-2 with income reported from exercising your stock options, that means that you had Nonqualified Stock Options (NSO). You have to report your 1099-B information as a regular sale of stocks.
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Safari,
You are correct, that would have been the wrong section (ISO). That said, I just wrote it down wrong.
I am looking at my printed off Turbotax return now. All of the stock option sales printed off on a Schedule D attachment. It lists off the day acquired (bought and sold), sales price, cost, and Gain or Loss. Each gain was off set with a slightly higher loss, I believe taking into account the transaction fee.
Ultimately I was left with a net short-term capital loss of $31. All is well in the world. Thanks again to everyone who helped!