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if my income from the selling of stock from my employee stock purchase plan or stock options is added into my income on my W-2 how do i need to report this? or do i just use my income on my w-2?

Submitted: 1688 days and 17 hours ago.

Category: Tax

Value: $5

Status: CLOSED

Accepted Answer

If the income from the exercise of stock options is on your W-2, there is nothing else to do. If you then sold the stock, youmay have an additional transaction to report. This usually occurs when you exercise ISO's. The compensation portion is reflected on your W-2 but then you turn around and sell the stock. When this happens, you usually wind up with a loss that is equal to the broker's commission on the sale.

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Accepts:
Expert:	Jon Andrews
Pos. Feedback:	99.7 %
Answered:	4/9/2005

Certified Public Accountant (CPA)

I deal with all levels of tax planning and controversy - from the ordinary to the complex.

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if my income from the selling of stock from my employee stock purchase plan or stock options is added into my income on my W-2 how do i need to report this? or do i just use my income on my w-2?

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