Haley
I am not a robot
I'm having a moment of self doubt on my basis because Etrade shows something else (not reported to IRS).
All shares held more than 2 years since options were exercised.
Etrade shows as the basis the price shares were acquired at. I thought basis would be based on market price day prior to exercise as the difference was taxed as ordinary income at the time of exercise. Why Etrade, why?
Market price - discount = price paid
Discount amount taxable as ordinary income at time of exercise
Price paid + amount taxed as income = basis
All shares held more than 2 years since options were exercised.
Etrade shows as the basis the price shares were acquired at. I thought basis would be based on market price day prior to exercise as the difference was taxed as ordinary income at the time of exercise. Why Etrade, why?
Market price - discount = price paid
Discount amount taxable as ordinary income at time of exercise
Price paid + amount taxed as income = basis