What if I got paid with stock?

[TomYoung · Accepted solution]

I assume your situation is that you're an independent contractor of some sort and that you did some work for a customer/client and received shares of stock instead of cash in payment.

If that's all correct you simply enter the total fair market value of the stock received as revenue/sales just exactly like you'd been paid in cash in the first place.  Your basis in the stock is the same amount as the revenue.

Tom Young