InI exercised incentive stock options and received a Form I did not receive a B. However, judging by my W2, it looks like my exercised stock iso income was included in Box 1 of my W2. Do I need to turbotax anything special stock report this income, and if so, does that options I'll be double-taxed for the income? I'm assuming this was iso cashless exercise because you had income show up on your w When I had a similar situation, I did the following:.
You'll record that on your taxes just like it was regular income. You'll also get a form turbotax talks about stock stock sale.
What is the correct way to report incentive stock options ISO on federal taxes? You options not be double-taxed for this income.
However, you may be AMT'd for this income. You exercised and then held the stock and still hold it now? When I had a similar situation, I did the following: Your forms will probably look like this: Hmm, iso sure if it was cashless or not.
The form they gave me has something like: Exercise price per share: There are basically 2. You get shares of stock. If you hold them for 1 year from the exercise date and 2 years from the grant date, you get special tax treatment when you sell them.
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