I received stock options for 120 hours of financial services I provided to a friends company (I am not an employee). I was granted 13,500 common stock options at $.00001 in Mar 2016 and 8,000 common stock options at $.20 per share in Dec. 2016. I have not exercised the shares, but they all have vested due to my services being complete. Do I need to record as income? If yes, where do i record? If not, when do I need to record as income? Greatly appreciate the help!
