djschlyer
New Member

I received a 1099MISC for shares of Class B stock. Do I need to declare the monetary value of the stock on my 1040 as income?

I consult for this start-up company and I received Class B stock in lieu of money for my services.  I received a 1099MISC with the nominal value of the stock in the non-employee compensation box.  Do I need to declare this as income on my 1040?