Retirement tax questions

Exercising a stock option is not considered earned income.  Exercising a stock option results in a capital loss or gain.

You cannot contribute to an traditional or a Roth IRA if you do not have earned income.  The only exception is a spousal IRA for a non-working spouse.

 

You'll probably receive a 2020 Form 1099-B from the broker that handled your option purchase and sale.