We had about $20K gain from exercising stock options. That gain shows in our
W-2 as both included in wage and an item marking it as stock option
exercise. We also have about $16K losses in selling stocks. We use Turbotax.
We thought that the $16K loss can offset the $20K gain, but it seems that
Turbox tax only allows us to take $3000 loss, and not let the remaining
offset the gain from stock option. Can somebody tell us whether the gain
from exercising stock option is treated as normal income or
