When you enter your B information for your stock option transaction, do not select the Import option. Instead, select "I'll type it in myself". On the next screen, select your broker and click on Continue.

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Next select the categories of trades reported on your B and click Continue. Continue through the interview to enter the information for stock options. You should have received a statement from your employer or the broker that manages your company's plan. You will need that information.

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If your options were Incentive Stock Options ISOs then that would be Form This will result in your option transaction being properly recorded and the income will not be doubled.

This was very helpful. I am using Turbo Tax deluxe. In going through the interview as you described, it did not ask if the gain was already included in W2. Then I found out that the gain was added to my income while the withheld taxes were also added to the numbers on my W2.

So the gain was counted twice once in my W2 and the second time as investment gain while the withheld taxes were also counted twice. This cannot be right? Thanks for any guidance. I have the same issue as hling I am following the instructions but don't see an option to indicate "This sale involves an employee stock plan including ESPP or an uncommon situation".

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I exercised some stock options and received a B for this. My W2 from that employer included the exercise as income, taxes colected etc. How do I report the B without doubling income amount? I received a B for exercising stock options. The amount was also reported on my W-2 from my employer. If I report the B, my income then shows double for the exercise.

How is the handled? Asked by garyjdeborahl27 TurboTax Premier Options Edit Ask for details Archive. Answer 69 people found this helpful When you enter your B information for your stock option transaction, do not select the Import option. Was this answer helpful? No answers have been posted. This post has been closed and is not open for comments or answers.

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