Solved: I got a 1099 form from exercising non statutory stock options (paid $1000 for stocks valued at $5100). Box 7 list non employee income of $4100. Where do I report this?
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I got a 1099 form from exercising non statutory stock options (paid $1000 for stocks valued at $5100). Box 7 list non employee income of $4100. Where do I report this?

 
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Level 12

I got a 1099 form from exercising non statutory stock options (paid $1000 for stocks valued at $5100). Box 7 list non employee income of $4100. Where do I report this?

I assume you acquired the NQSO's as an independent contractor given that this was reported on a 1099-MISC (I assume) with Box 7 filled in.

If that's the case then you report the income on line 1 of your Schedule C as "revenue".

Tom Young

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Level 12

I got a 1099 form from exercising non statutory stock options (paid $1000 for stocks valued at $5100). Box 7 list non employee income of $4100. Where do I report this?

I assume you acquired the NQSO's as an independent contractor given that this was reported on a 1099-MISC (I assume) with Box 7 filled in.

If that's the case then you report the income on line 1 of your Schedule C as "revenue".

Tom Young

View solution in original post

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