Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Practice Advice
- :
- Vested stock exercise.
Vested stock exercise.
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Doris711
Level 2
03-08-2021
08:48 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client exercised vested stock. 1099B boxes B and E amounts. Proceed amounts, no cost basis amounts, all gain.
Does the client have a basis in the stock? Would the clients basis be the FMV of the stock when exercised? What questions if any should the client ask the employer to assist in getting the information that is needed?
Thank you for your assistance.
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
itonewbie
Level 15
03-09-2021
03:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What kind of equity compensation plan? Restricted Stocks, Restricted Stock Units, ISO, NQSO, etc.?
Check the grant, exercise, and supplemental documents your client should have received. Generally, your client will have a basis to the extent the option price was paid and the bargain element was already subject to tax as compensation as required by law, depending on the type of plan it is.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
