RichardG
New Member

Investors & landlords

The key is to make sure your basis is correct for the stock sale.  Your basis in the stock equals the amount of income included in your wages from exercising the options.  The basis shown on the 1099-B is often incorrect, so you may need to adjust it.  If you sold the shares the same day you exercised the options, you should have little or no gain, and frequently a small loss due to trading expenses.

Please follow this link for more information.  NQSO

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