My client has received stock options. However, they are reported on a 1099-NEC because she is technically not an employee of that company. Also, no 1099-B is issued. Not sure why. All I have is an account printout showing stock granted, vested, exercised, etc. I'm having trouble using the Exercise stock options worksheet on ProSeries. Does anyone have experience with stock options on a 1099-NEC with no 1099-B? Thanks
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Yes. She did sell some. Granted 2500 on 3/15/18. Each month 52 shares vest. At the time of her sale, 1406 vested and she sold 120 shares. No 1099-B.
How about skipping the worksheet?
Sounds like you have basis and sales price; date acquired and date sold.
I will probably do that. I was hoping the worksheet might help to track year to year and carry forward unsold stock.
Is this a publicly-traded company or are these "phantom" shares for which they are coming up with a figure that the shares are worth, and paying her cash for those when she asks for it?
If there are real shares involved, they would be sold through a broker who may have signed her up for email delivery of statements. Sometimes you have to rely on clients to ask some questions.
Thanks. I'll have her check again. They are publicly traded - NASDAQ - but is very confusing. She works for One Medical but the shares are offered through a difference company. Since she is not an employee, she received a 1099-NEC for the stock options instead of them being reported on her w-2
Did a return this year for a client with similar activity... She was retired and the old employer did Issue a W-2... She had to make a few phone calls or so to get the necessary documentation for me.... it is a publicly traded Fortune 500 company...
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