I don't see how or where to enter those in the desktop product. Appreciate any help. Thank you!
If you are a contractor that reports your business income and expenses on Schedule C, you would include the bargain element of the non-qualified stock options in your Gross Receipts on line 1 of Schedule C. The bargain element is spread between the option price you paid, and the value of the underlying stock at the time of exercise.
Thank you. Is there a particular place where I should enter that using Desktop Business & Home edition? Or should i just enter the number directly into the form?
You do have the option of entering the bargain element (i.e., the difference between the option exercise price and the market value of the stock at the time of exercise) while in Forms mode; however, the preferred method is to use the step-by-step process. Thus, select the Business tab, and then while in the Business Income and Expenses section, scroll down to Business Income. Here are the remaining steps: