1099-misc stock option exercise
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Received a and W2 for the same stock option exercise Archived From: I have exercised my stock option i. Last week I received a W-2 form from Morgan Stanley which specifies the stock option amount I exercised along with the federal and state tax witheld information.
Yesterday I received a form from Morgan Stanley on the same stock option exercise which lists the stock sales amount but without indicating any federal and state tax witheld information. I called Morgan Stanley and they told me they mailed me two forms for tax information only.
Since both W-2 and form have the same information, which form should I use to file my tax? If I include my total wages with the W-2 form and also stock sales information in Schedule D, I will double my stock sales amount.
Can I use any one of them to file my tax? Quick Summary is created and edited by users like you Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
Click to copy code and go to. Thanks for visiting FatWallet. Join for free to remove this ad. When you report the B, the cost basis is the sales price since you already reported the income with the W-2 invertir en forex argentina, so you'd have no gain.
Were your stock options incentive stock options ISOs or nonqualified stock options NSOs? Did you sell the stock after exercising your option to buy them, or were you still holding the stock through the end ofinto ? If I were to guess, I'd have to say you have an NSO, and exercising it triggered the W2, and then you sold the shares perhaps immediatelywhich triggered the I believe you should actually have a loss in the commission it cost to sell it or exercise the option unless this is already included in your W-2, which it was not for me.
Providing both the information on the W-2 and the B is the only dshort.com is the stock market cheap that it won't raise a flag in their system.
It sounds like you have NQSOs the same as I did. The tax withholding info you need is on the W-2, as your broker withheld taxes as an agent for your employer.
Gains on the sale of the options cost basis - strike price x number of shares should show up as income on your W I think it in box 12v?? Anyway, it my case, it was shown on there and was taxed already.
How to Report Nonqualified Stocks on a - Budgeting Money
However, you also have to include the sale using information from the B as the IRS will see that you sold stock. You should actually show a loss on the transaction on your tax return, as you bought the stock, but immediately sold it assuming it was a cashless transaction on your part. Basically you should be able to show your sales price as recorded on the B. Your cost 1099-misc stock option exercise is the sales price which should be your option price plus the ordinary income plus the broker commission and any additional fees.
For me, with a cashless transaction, my cost basis was exactly the number of shares times the sale price. I suppose I should have been more clear previously. My B shows gross proceeds forex brokers that accept paypal commissions. Therefore, I added the commission and junk fees back in to get my total cost basis, or the gross amount of the sale.
I really got the info I needed from my Smith-Barney confirmation statement. The gross amount on the confirmation is my cost basis this includes commission, etc.
The difference between this and the net amount is the reported loss on the sale due to commission, transaction fee and junk fees. This is from another post different site regarding the same subject: Report the W-2 form information just like any other W-2 form, and don't get concerned about the various taxes it contains.
Report the sale of the stock shown on the Form B. That information will end up on Schedule D.
I sold stock options this year and received form Misc. and - TurboTax Support
Sch D wants the sales price, shown on the Form B, and the cost basis. The cost basis, unless you have that figure from another source, is the sum of the amount shown in the W-2 form box 12V plus the exercise price. If the B reports Gross sales amount, add the sales commission, if you can find it in your paperwork, to the calculated cost basis.
If it reports net sales amount, the commission has already been accounted for. By providing links to other sites, FatWallet.
When do I issue a MISC vs a W-2 for NQSO exercises?Michael Gray CPA, Stock Option Advisors
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