Non-Statutory Stock Option (Code V on W2)

[hattiemwl]

I am also confused on how to report non-statutory stock options on the 1040. I have entered the information from the 1099-B and it brought the taxpayer refund to owing.

I sold company stock. My W-2 shows Code V in box 12 for $9,429. I understand the W-2. I have the 1099-B from the brokerage firm who handled the sale and the proceed ($10,665) minus cost basis ($6,619) shows gain of $4,046.

So I included the 1099B info on Schedule D but it seems like this is reporting the gain twice?

What am I doing wrong? Plus now it shows I owe instead of refund.

[itonewbie]

Hi there,

You’ve come to an Intuit site that is open only to tax professionals and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!