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I worked for a company that was purchased and I had shares vested to me, these were bought and sold same day. And you will enter that exercise as a sale of stock. Result is zero gain. The IRS will expect to see that information on your tax return. Thank you for explaining this. I have a different twist on this same situation.
For some reason I feel like I need to report the gain, but that doesn't make sense. Thanks, Bob UNLESS you sold the stock on the same day as you exercised the options it's unlikely that your proceeds and basis, and I'm talking about how you report the trade on your income tax return, not how kyle mcavoy forex broker reports the tradewould be the same.
The amount you paid for the exercise of the stock plus the compensation resulting from the exercise are your basis for all the stock received. Nonstatutory stock options on w2 if nonstatutory stock options on w2 had a same day sale it's certainly possible that the broker reported a basis that amount to only what you paid for the stock, in which case you'd have to report a basis figure different than the broker reported. Thank you for explaining. It's becoming less muddy. The Supplemental Stock Plan Lot Detail nonstatutory stock options on w2 a lot more sense and my cost basis and proceeds are only different because of commissions and a wash sale.
I also want to thank you for this information. I am wondering how I enter this within TurboTax or directly on the tax forms. Does this information just go onto the Schedule D form as one line item? Therefore, I am not sure how I enter the dates that you mentioned from your above example or from the example in the link you referenced. People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses.
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W-2 Box 12 Codes
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Description of W-2 Box 12 Codes. In many cases, you may find an amount entered in box 12 of your W-2 with a code indicating the type of payment that represents.
Understanding tax terms can make tax preparation less stressful. Use TaxAct 's Tax Dictionary to help clarify any confusion while filing taxes.