maglib
Level 10

Get your taxes done using TurboTax

@Individual131415  If I was you I would contact my employer about why the compensation portion of the options were never taxed as ordinary income.

To get around it, just report it as other income not reported elsewhere section and classify it as related to wages for the value received.  Then TT will do calculations for you.  Then when you report them, just put that as cost basis, and no gain/loss recognized and they get appropriate treatment as compensation income. They probably did not have a cost basis originally in 2018.  The issue is your employer did not pay their portion of taxes if it was not reported on the W-2. The positive side is you most likely will get an amended w-2 but you won't owe any taxes, interest on it.

Just in case:

Do you have a brokerage statement about these options? Did you review it?

 

**I don't work for TT. Just trying to help. All the best.
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I am NOT an expert and you should confirm with a tax expert.