I called tech support. Here's the solution to my issue: The 2019 data file had been saved to the wrong folder on my computer. The tech found it and moved it to the 2019 folder and that resulted in t...
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I called tech support. Here's the solution to my issue: The 2019 data file had been saved to the wrong folder on my computer. The tech found it and moved it to the 2019 folder and that resulted in the 2019 data file then showing up in the list of data files that could be transferred into 2020.
The problem is that the one client data file did not show up in the list to select which files I want to transfer into 2020. It did not come over from 2019 so it isn't even there in the transfer list...
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The problem is that the one client data file did not show up in the list to select which files I want to transfer into 2020. It did not come over from 2019 so it isn't even there in the transfer list. I looked at 2019 and it IS showing up in the 2019 Pro Series files but it is not showing up in the list of files that came over from 2019 Pro Series. Rebooting is not the issue. I'm wondering if there is a way to find each data file from 2019 and find this one client and then move it into 2020 Pro Series so I can transfer it in. I hope this explanation makes sense.
What does the Code V on the W-2 represent? Is this $10,712.64 the gain? If so, the gain on the W-2 doesn't come close to the gain on the 1099B which is $8,693.07. I'm still confused.
I’m confused on how to report non-statutory stock options on the 1040. My client exercised his option to buy company stock and then sold the stock the same day. His W-2 shows Code V in box 12 for $1...
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I’m confused on how to report non-statutory stock options on the 1040. My client exercised his option to buy company stock and then sold the stock the same day. His W-2 shows Code V in box 12 for $10,712.64. I have no problem with the W-2. But I also have a 1099-B from the brokerage firm who handled the sale and the sale price ($18,922.77) minus cost basis ($10,229.70) shows gain of $8693.07. I assume I must include the 1099B info on Schedule D but it seems like this is reporting the gain twice? What am I missing?