topic Re: Form 3921 in Get your taxes done using TurboTax

Form 3921

mani6 — Sat, 21 Mar 2020 17:54:01 GMT

I quit my company in 2019 and had to purchase my options. I have not sold them yet so no gains (or losses) in 2019. I entered the details in TT but no impact on my returns which I assume is accurate because I did not sell anything and the potential is only on paper. Correct?

Re: Form 3921

RobertG — Sat, 21 Mar 2020 18:23:19 GMT

Yes, that is correct.

Depending on the type of option, it will either be reported in your W-2 or not reportable at all.

You will receive a 1099-B when you sell the stocks.

Re: Form 3921

mani6 — Sat, 21 Mar 2020 18:27:20 GMT

Thanks Robert

Re: Form 3921

LinaJ2020 — Sat, 21 Mar 2020 18:31:50 GMT

You are welcome!