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emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2855
Experience:  IRS licensed Enrolled Agent and tax instructor
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I sold some stock options this year. The cash shows up on my

Customer Question

I sold some stock options for work this year. The cash shows up on my W2 as part of my total compensation. What other documents should I be getting from the broker and do I need to fill our any additional tax forms for this?
Submitted: 1 year ago.
Category: Tax
Expert:  emc011075 replied 1 year ago.

Hi. My name is ***** ***** I will be happy to help you.

You will get a 1099B from the broker and you will have to file schedule D to report the the sale. You will probably have little or no capital gains, depending on timing of exercise and sale. As you already noticed, the stock option is already reported on your W2. You will use the amount as your basis to figure out capital gains, if any.

Customer: replied 1 year ago.
Do I need to request a 1099B from Fidelity? I signed on to their website and they don't have anything listed under tax documents.
Expert:  emc011075 replied 1 year ago.

Fidelity has until February 15 to make it available, usually you don't need to specifically request it. If you don't get it by 2/15, you can contact Fidelity and ask about it.

Expert:  emc011075 replied 1 year ago.

Do you have any questions? Is there anything else I can help you with today?

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