In '97, I exercised some of my incentive stock options. The brokerage, who holds the company's incentive stock, sent me a 1099-B for the cashless transaction gross cost (I sold stock to pay for buying the stock). However, my employer also put down the net profit amount on my W-2 as Deferred Compensation.Now, obviously I can't look for IRS-sanctioned tax advise here, but can someone tell me if this sounds a bit screwy. I mean, I'm going to pay tax on this money twice.Any thoughts?Dave
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra