Right! Thanks.
For clarity I will explain (with fake numbers) exactly what I did.
I was given 100 shares at $10 per share when I started. After a year I was given the option to buy them or take them as options. I took them as options.
When I left the company less than 1 years after I got them as options, I purchased the 100 shares for $1000.00 and then, upon leaving, sold them.
At the time of I left they were worth $100 per share instead of $10 when I started.
So I paid $1000 and I got a check for $10,000.
So on for 1099-B I have a cost basis of $1000.00 and a total of $10,000 which works out to $9000 of short term capital gains that I was taxed on (about 22-24% or something)
