I work for a European based employer, and we are issued SARs that vest on a yearly basis. Typically, I sell within the year they vest. This year, I exercised each vested option and sold them above the strike price they were issued at. All the normal US payroll taxes were taken out at the time of the sale, leaving me with roughly 2/3 proceeds remaining in my brokerage account.
I was issued a 1099, but its values are mostly empty, except the proceeds section, which shows the pre-tax proceeds. I don’t want to be taxed again on the same proceeds, so how do I report what has already been taxed? Do I even need to report these sales? If so, I don’t see a “SAR” section of the 1099 entry on TurboTax online. Thanks!
