SteamTrain
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

State tax filing

@mmvasu 

 

If truly non-qualified stock options?

 

Read and bookmark the following FAQ:   So far you a e in situation #1....where the compensation element "should" be reported on your employers W-2 for whichever tax year you exercised the option.  Thus the gain (even if not sold yet) should be just on your W-2

 

Thus:

No stock sales reported yet, until you sell any/all of them, then you get into situations #3 or #4, and the basis will be the full market value of the stock on the day you originally exercised the NQSO options:

 

Non-Qualified Stock Options - TurboTax Tax Tips & Videos (intuit.com)

 

(Bookmark the above help page for future reference)

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post