Get your taxes done using TurboTax

The first thing you need to do is to determine if that "compensation" income that was created by your 83(b) election was already reported on your W-2, and it probably was, along with the "withheld" taxes that you paid out of pocket.  If that compensation is there then you are fine.  You did file a copy of your 83(b) election with your income tax return, didn't you?  If not, you can "amend" for that reason and send in the 83(b) election.

Tom Young

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