tax-conundrums
Returning Member

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Thank you George. I also received the following response from Keeper Tax, so shout out to them too!

 

"Thanks for your patience 🤓 

The stock should be NSO given your contractor status, so if no 1099 was received, you should reach out to the company to verify why it wasn't issued. The 1099-NEC would reflect the difference between the FMV and the exercise price, and it would be treated as ordinary income to you on your 2021 return.

Let me know if any other questions come up 😊


Thanks,

Customer Support
Keeper Tax"

 

I have now reached out to the company and am requesting clarification and a 1099 from them so I can report this properly on my taxes.