I'm retired and was told I would get a W2 from my former company when I exercised my non-qualified options. That's exactly what happened. They withheld federal, state, SS, and Medicare taxes from the proceeds. Box 1 has the total proceeds, nothing in box 11, 12A has code V and same value as Box 1.
I am planning an IRA contribution as it also helps reduce adjusted gross income relative to stimulus money. I'm curious what sort of 1099 you get. Also it makes sense to me that it is considered earned income as it was part of our compensation while working.
