I filed an Election 82b this year for shares received in a new startup. What do I enter for 'amount' under Miscellaneous Income > Other Reportable Income amount field?

[user45621]

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. 

[Critter]

You do not enter it as income in fact you don't enter it at all.  The form is simply attached to your paper return. 

[user45621]

Wow, that was the quickest support response ever! Thanks for filling me in. According to this thread, another helper states you're supposed to report it under Miscellaneous Income > Other Reportable Income, which is why I figured it had to go there. <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/2600147-how-do-i-include-an-83b">https://ttlc.intuit.com/questions...> Your answer makes more sense though. Thanks again kind critter.