NSO/NQSO/ non-qualified stock option termination without W2 withholding

[Pennadam]

There was a change of control in a (non public & foreign) company that I used to work for,  which led to an  option termination consideration agreement. They just sent me a check, no W2 (no withholding) or 1099. How and where do I report this income?

Thanks for your help...

[DavidD66]

To report that income, while logged in to your return:

• Click on Income & Expenses
• Scroll down to "Less Common Income"
• Select "Start" next to "Miscellaneous Income, 1099-A, 1099-C"
• At the top of the list, click on Start for "Other income not already reported on a Form W-2 or Form 1099"
• Answer "Yes" to "Did you receive any other wages?"
• Click "Continue" through to the screen with "Any Other Earned Income"
• Mark the button to indicate you received "employee compensation not reported on W-2"
• Click on "Continue"
• Indicate who the income was for (if other people on the return)
• Enter the company's name and the amount you were paid.  Select Code G for the Reason Code
• Answer "No" for "Have you filed Form SS-8"

[Pennadam]

Hello,

Thanks for the step by step instructions. Your instructions asked to select this: "

• Answer "No" for "Have you filed Form SS-8""

But I don't see that option.  I see this option:

• "Reason code G: I filed Form SS-8 with the IRS, but have not received a reply."

It appears that I will have to file SS-8, is that true? 

Thanks,

Murli

Thanks,

pennadam

[cspinelive]

I left a job and exercised my NSOs a few months later. It was a cashless exercise where shares were redeemed to cover the costs and tax withholding. When I got my w-2 neither the income or the withholding was reflected on it. Where do I report the withholding as taxes already paid? How do I know how much of the withholding was for state, federal, Medicare, etc?

[FangxiaL]

The taxes withheld are properly reported on your W-2 form already.