topic The date you bought the note. in Get your taxes done using TurboTax

How do I report stock received as a bonus for investing in company?

erniebotte — Tue, 04 Jun 2019 19:14:14 GMT

Purchased 20,000 shares and receive additional 5,000 as bonus is this reportable income or does it change my cost basis?

The cost basis of the full 25,000 shares will be the amou...

MichaelDC — Tue, 04 Jun 2019 19:14:18 GMT

The cost basis of the full 25,000 shares will be the amount that you paid for the lot regardless if you got some as a bonus or not.

Consider it like a 5:4 stock split. If you purchased 20,000 for $100,000 ($5/share) and the stock split 5:4, you now have 25,000 for $100,000 ($4/share).

Please feel free to post any additional details or questions in the comment section, especially if you received the bonus from your employer.

Details were buying a convertible note which gave me the...

erniebotte — Tue, 04 Jun 2019 19:14:19 GMT

Details were buying a convertible note which gave me the shares as a bonus and the right to convert the note to stock. Where it began as a note does that impact the cost basis idea?

Thanks. You must have sensed my curiosity about the bonus...

MichaelDC — Tue, 04 Jun 2019 19:14:21 GMT

Thanks. You must have sensed my curiosity about the bonus. No impact. Your basis is your basis. Good luck.

One last question what is the date of purchase when I sel...

erniebotte — Tue, 04 Jun 2019 19:14:22 GMT

One last question what is the date of purchase when I sell the stock, is it the date bought the note or date when converted to stock

The date you bought the note.

MichaelDC — Tue, 04 Jun 2019 19:14:23 GMT

The date you bought the note.