Hi all
I did a cashless exercise of some NQ options this year, and I wanted to confirm I entered the information properly for my taxes.
In round (fake) numbers
- W2 Box 12 shows code V: $100,000
- 1099B, Part 1, Box A checked, shows proceeds of $200,000, and cost basis of $100,000 for this sale
- So, I entered an adjustment with code B of ($100,000), to correct the capital gain to be $0 (according to https://www.irs.gov/instructions/i8949#en_US_2025_publink1000114401)
Is this correct?
Posted by flyingswift