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When I retired I exercised non-qualified options and received proceeds from the company. Should this be handled as a stock sale, self-employment income or something else?
As I was retired when I exercised the option I did not receive a W-2. However, I first advised the company that I would need a 1099-B to report the proceeds as a stock sale. Subsequently, I received contradictory info indicating I needed to report it as profit from business on Schedule C so I requested a 1099-MISC from the company as well. The latter makes no sense to me as I am retired and do not operate a business.
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‎June 5, 2019
10:34 PM