Hi
I exercised and sold at the same time my ISOs in 2024.
It is considered as an unqualified disposition and will be considered in my W2 as income.
I appreciate it if you shed some lights on the followings:
1- Considering that there is no gain of capital and that the earned money is already considered in my W2 as income, should I report anything based on my 1099? Actually, will this transaction be mentioned in my 1099?
2- Do I need to estimate the tax on this transaction myself and pay it in advance to the IRS? Is there any penalty for not to do this?
3- Please explain to me how I should proceed with the estimated payment (any link for the payment?).
4- How should I report my estimated paid tax when I file my tax of 2024?
Thanks