turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Mary H5
New Member

83(b) for Founders Stock with Nominal Value

I purchased restricted stock as a company founder in Oct 2023 and submitted the appropriate paperwork within 30 days to the IRS.  I paid the FMV for the stock so there is no compensation earned from this stock.  I have not begun to take a salary from the company therefore I do not have a w-2 for 2023 either.  Since there is no income to report on my 1040, my question is whether or not I should include a copy of my 83(b) election with my 2023 1040? If so, is that all that is required?

 

Thank you in advance.  

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies