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Author: scollywaltz Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121585  
Subject: Question re: 1099-B Date: 4/18/2011 12:58 PM
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I don't deserve to have anyone help me, as I've literally waited until the last second to do my taxes; but I'm crossing my fingers anyway, because I'm having trouble getting through to TurboTax (go figure!).

Situation: I received an award of Restricted Stock units from my employer on 3/8/2007:
- 1/3 (118 shares) of these vested in 2008,
- 1/3 (118 shares) vested in 2009, and
- 1/3 (118 shares) vested in 2010.
(It's likely that I messed up prior tax returns; and as soon as I finish this one, I'll verify and refile if necessary.)

I have not touched this stock; but when each set of shares vested, apparently some shares (41 in 2010) were sold to cover taxes. (If that's true, why do I have to report this at all??? This doesn't make any sense to me.) That leaves 77 shares that were awarded to me, which again, I haven't touched.

Per the broker, the shares were worth $13.96 each when I "received them" and $14.92 when sold, resulting in a gain that must be reported I guess...although again, if this was taken for taxes, I DO NOT UNDERSTAND why this is necessary.

The statement mentions:
- exercise date (3/10/2010)
- settlement date (3/15/2010)
- grant price ($0)
- exercise FMV ($13.96)
- Sale price ($14.32)
but the rows don't align up the way I would expect (for example Exercise Date lines up with Grant Price, not Exercise FMV); so I think that's part of what's throwing me off.

The specific questions I'm trying to answer within TurboTax (Premiere) are:
- Date option granted
- Exercise price per share
- Date option exercised
- Fair market value – exercise date (per share)
- Number of shares transferred

I know this will seem straightforward to many; but I am a dummy. So if anyone can make heads or tails of this and help me answer the questions above, I would appreciate it...and not hold you accountable for giving actual tax advice. :)

Thanks,
scollywaltz
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