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Form W-2, Box 12, Code V nonstatutory stock options. Income from the exercise of nonstatutory stock options is included in Boxes 1, 3 and 5, so this amount carries to Form 1040, Line 1.
20 kwi 2020 · My client has Code V on his W2 (income from exercise of nonstatutory stock options for $30,265. His 1099B has proceeds of $9,186 and basis of $9,253 ($67). How do I report on Form 8949?
3 cze 2019 · I sold some stock options last year for net proceeds of 3,565.76 but tax was taken out at the time and I was given 2,223.21. The 3,565.76 amount is shown on my W2 in box 12 with a code of V. When I'm adding the corresponding stock sale (1099-B) should I report that tax was already paid?
Form W-2, box 12, code V represents income from the exercise of non-statutory stock options. Since the amount is already reported in box 1 (wages, tips), which flows to Form 1040, line 1 (line 7 in Drake17 and prior), the amount in box 12 does not flow to any another section or supporting form.
Box 1: Displays the gross wage, prizes, bonuses, tips, stock options, and other compensation that is taxable for the year in question. The amount is deducted from specific elective deferrals like payroll deductions, pre-tax benefits, and 401(k) plans.
Code “V” Box 12 of Form W-2 will show code “V,” which reports income from exercise of nonstatutory stock options. This amount is already included as taxable wages in box 1. The amount listed under code “V” is informational, and is not required to be added to income. In the Diamond example on the previous page, the amount of
11 lut 2010 · 1. Do nothing. This is the discount part of your employee stock purchase plan stocks and is thus taxed as regular income. 2. This amount needs to be added to the cost basis (to reduce the Gain) since this is already taxed.
