I received 7.5m shares of a company for a new startup I created. I filed an Election 82b within the required 30 day window. I paid $750 with a par value of 0.0001 per share. What do I put for the amount in Turbo Tax? It seems weird to put the amount I paid for something because this is under income. The share value has not changed.
I realize I cannot e-file and must print out my return, attach a copy of the 82b I filed with the IRS, and manually submit my tax returns this year.
Still have questions?Make a post