Please help with tax filing

[hypeMarked]

Hi all,

I have a question that need to be answer. I've sold some of my options in 2006 and it is reflected in the W-2. But on the 1040 form, it has a section for "sold stocks/options". It said to use the one of the 1099 form that I got from the broker (e-trade). But the form from e-trade does not have any taxed on it, so if I included it in, would that means I got taxed 2x? Or I shouldn't put it in? Thanks,

 

[MikeyIs4Dcats]

use the stickied tax thread.

 

[Fern]

You should take this over to the stickied tax thread (at the top of OT). This will be locked.

Quite likely what is own your W-2 is sufficient. If you excercised and sold immediately, you may need to report the sale on Sch D. Likely there would be no gain, as your "basis" = sales proceeds.


However, you should provide more details - what type of stock option plan was (e.g., ISO), what was date of grant, how long did you hold before excercise, same for sale.

Fern