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Level 3
Mar 21, 2020 5:54 PM UTC
Question

Form 3921

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?

    3 replies

    RobertG
    Alumni - Intuit
    Mar 21, 2020 6:23 PM UTC

    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.

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    mani6Author
    Level 3
    Mar 21, 2020 6:27 PM UTC

    Thanks Robert

    Alumni - Intuit
    Mar 21, 2020 6:31 PM UTC

    You are welcome!