NQ Option Gain Reported on BOTH W2 and 1099-B

[Don in Upstate NY]

Client exercised a non-qualified stock option on a same-day basis.  His gain on the option was reported on both his W2 (box 12 code V) from his employer and on a 1099-B (code A, short term with basis reported to IRS.) from the broker.  We used to adjust the stock basis on the D by the V amount on the W2, resulting in ordinary income of the option gain and a short-term loss of the brokerage commission. How do we do this now (is there an adjustment code for this on the 8949?)

 

[i'm asking what the correct form(s) should look like, not how to input the data into the ATX software.]

[jklcpa]

See pg 6 of the instructions for form 8949 for how to properly complete columns (f ) and (g ) when the basis is incorrect and how to enter the amounts to reflect the proper gain or loss.