TP exercised and sold ISO shares on the same date in 2018. The sale is reported on Form 1099-B (Short term cap gain) but the company’s Statement of Taxable Income also said the income from the sale (transfer) is also included in Box 1 of W-2. Should I report Box 1 Form W-2 without any reduction of ST gain from Form 1099-B? Have you encountered a situation like this? Any idea how to deal with this? Thanks.
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Report W-2 as is. The amont included in the W-2 for the ISO income is part of the basis of the stock when you report the sale on Schedule D/8949.
Report W-2 as is. The amont included in the W-2 for the ISO income is part of the basis of the stock when you report the sale on Schedule D/8949.
In ProConnect, how do you choose Code B, I am only getting the option of using Code E and found this question in looking for a solution. Thank you.
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