You'll need to sign in or create an account to connect with an expert.
When code V is reported in box 12 on your tax return, it means that the income from your stock sale was included in your wages. It is already being included in your income, so you do not need to report anything further. The profits are taxed as ordinary income.
The options you describe are non-qualified stock options. This article explains more about how non-qualified stock options are taxed.
When code V is reported in box 12 on your tax return, it means that the income from your stock sale was included in your wages. It is already being included in your income, so you do not need to report anything further. The profits are taxed as ordinary income.
The options you describe are non-qualified stock options. This article explains more about how non-qualified stock options are taxed.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
heartgems68
Level 2
rf_ee
Level 3
Taxquestion23
Returning Member
elvirafrr1
New Member
cfogrady
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.