Employee Stock Options tax issue

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Duckie
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Joined: Thu Mar 08, 2007 1:55 pm

Employee Stock Options tax issue

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For those of you who have employee stock options there is an article in the San Francisco Chronicle by Kathleen Pender you may find useful.

How to avoid paying double tax on employee stock options
Anyone who participates in an employee stock option or stock purchase plan at work could overpay their taxes — perhaps by a lot — if they don’t understand a reporting requirement that took effect in 2014.

Under the requirement, all brokers must report cost basis on Form 1099-B for stock that was both acquired and sold on or after Jan. 1, 2014, through an employee stock option or purchase plan in a way that could result in double taxation, unless the employee makes an adjustment on Form 8949. The new requirement does not apply to restricted stock awarded to employees.
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