I had a nonstatutory stock option sale reported in box 12 as a V - TurboTax Support

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The Sorry State of IRS Guidance on Nonqualified Options umisifuy.web.fc2.com

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Select a file to attach: Ask your question to the community. Most questions get a response in about a day. After you register or sign in, we'll return you to this page so you can continue your participation in the community. Back to search results. Asked by chad ProSeries Professional Options Edit Ask for details Archive. Answer 5 people found this helpful Chad, from publication If you receive compensation from employer-provided nonstatutory stock options, it is reported in box 1 of Form W Sale of the stock.

There are no special income rules for the sale of stock acquired through the exercise of a nonstatutory stock option.

Report the sale as explained in the Instructions for Schedule D FormCapital Gains and Losses, for the year of the sale. You may receive a Form B, Proceeds From Broker and Barter Sale Transactions, reporting the sales proceeds. Your basis in the property you acquire under the option is the amount you pay for it plus any amount you included in income upon grant or exercise of the option. Was this answer helpful?

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The Sorry State of IRS Guidance on Nonqualified Options umisifuy.web.fc2.com

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Code V—Income from the exercise of nonstatutory stock option(s). « Specific Instructions for Form W-2

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