I exercised some ISOs last year in sell to cover transactions. I was not an employee last year but rather an independent contractor with the company but I had a preexisting contract that allowed me to keep my options despite not being an employee. As a result of no longer being an employee, they had to convert my outstanding ISOs to NQ status and put the compensation from the exercise on my 1099-nec along with my billable hours compensation, which I have dealt with effectively in TT. However I still received a W2 (I know, very wierd) from the company. The W2 is blank (nothing in box 1) except for box 14 which shows ISODD and the amount of taxable gain from the ISO exercise (which, as stated, is already included in my 1099-nec and reported on the Supp info doc and 1099B as NQ). I also received a form 3921 documenting the ISO exercise information. The IRS will receive that wierd W2 and the 3921, which really don't apply to those ISOs since thery were converted to NQ's. Do I need to do anything at this time? thanks
