Lion EA Posted April 9, 2016 Report Share Posted April 9, 2016 I really am getting too tired to think straight. I thought I was pretty good at all types of stock options, but not getting the numbers I expect with this one. W-2 box 12 V $4,018.02 that would be NQ, yes? Grant Date 10/29/2009 Exercise Date 07/28/2015 Option Exercise Cost $6,368.88 Total Exercise Cost & Tax Liability $7,359.19 Market Value of Shares Exercised $9,047.56 Income $2,578.58 but how does that tie in with the $4,018.02? A few numbers may be off, the company confirmation has really, really light print, but the numbers are close. Help! Quote Link to comment Share on other sites More sharing options...
cred65 Posted April 9, 2016 Report Share Posted April 9, 2016 "I really am getting too tired to think straight" Well I'm getting smarter after imbibing with some Southern Comfort (worked well for Janis Joplin) but ? : This transaction was included in the W2 (Code V) that included Gross pay and withholding and is a NQO. Was this a cashless transaction? Have you been provided with all of the documentation that supports this transaction? Probably not! Get an Extension! Quote Link to comment Share on other sites More sharing options...
Lion EA Posted April 9, 2016 Author Report Share Posted April 9, 2016 My dad loved Southern Comfort. Client went online to download everything re his 2015 compensation, so I have the pages I quoted plus a lot of other details like share price, how much was withheld for taxes, etc. It reads like a same-day cashless transaction. With an extra $7.53 for a fractional share. I'm used to NQO transactions having the "buy" price and code V price adding up to the sales proceeds for no gain/loss, or a tiny loss if fees were charged. The paperwork also notes Net Shares to Deliver 29.0 and states Income $2,678.50 when I would've expected the $4,018.02 from code V to be the income upon which he paid tax. Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 10, 2016 Report Share Posted April 10, 2016 Ignore the tax amounts and net income. Code V plus cost to exercise shares should equal basis. Oftentimes the shares 'sold' to cover the tax withholding aren't included in the shares sold. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted April 10, 2016 Author Report Share Posted April 10, 2016 I'm going to look at it again, Joan. I think I have it your way now, working it around to what I was pretty sure it had to be. But the presentation was so different from what I've seen before, that I posted here. Thanx. Quote Link to comment Share on other sites More sharing options...
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