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If you have stock options that weren't reported on Form W-2 but need to be reported as ordinary income:
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?
The difference between the option price and the FMV when you exercised your option is included in your W-2 income. So, you’ll have already paid taxes on it. The basis of the stock is the FMV of the stock on the date you exercised the options.
16 paź 2024 · Employers must report the income from a 2024 exercise of Non-qualified Stock Options in Box 12 of the 2024 Form W-2 using the code “V.”
Companies also specify NQSO income by putting it in Box 12 of Form W-2, using Code V. For ISOs, restricted stock/RSUs, or tax-qualified ESPPs, some companies voluntarily report stock compensation income in Box 14, though that is not required.
Code V is explicitly for stock options, not vested RSUs. From the IRS: Code V—Income from the exercise of nonstatutory stock option (s). Show the spread (that is, the fair market value of stock over the exercise price of option (s) granted to your employee with respect to that stock) from your employee's (or former employee's) exercise of ...
4 kwi 2019 · I’m confused on how to report non-statutory stock options on the 1040. My client exercised his option to buy company stock and then sold the stock the same day. His W-2 shows Code V in box 12 for $10,712.64. I have no problem with the W-2.
