How do I record income from exercise of an employee stock option?
Bill Ferguson
Quicken Windows Subscription ✭✭
I have stock options from my employer. I created an account called Employee Stock Options and recorded each option grant in the account. Quicken created the vesting schedule correctly.
When I enter a cashless exercise of an option, Quicken accounts for me purchasing the shares at the option price, selling them at the market price, and subtracts the commission that I pay. The Quicken account generates 3 line entries, for Exercise, Bought, and Sold. The cash amount in the Quicken option account increases by the net that I receive from the options.
What I can't figure out is how to get this net income to show up on my income tax planner. I typically enter a transfer transaction moving the money from the option account to my checking account, but that doesn't let me record any income.
What am I missing when I exercise an option?
When I enter a cashless exercise of an option, Quicken accounts for me purchasing the shares at the option price, selling them at the market price, and subtracts the commission that I pay. The Quicken account generates 3 line entries, for Exercise, Bought, and Sold. The cash amount in the Quicken option account increases by the net that I receive from the options.
What I can't figure out is how to get this net income to show up on my income tax planner. I typically enter a transfer transaction moving the money from the option account to my checking account, but that doesn't let me record any income.
What am I missing when I exercise an option?
0
Best Answer
-
Never mind. I went to the Tax Planner, reset all the figures, and my stock options net income showed up as "Wages & Salaries - Self (Other).0
Answers
-
Never mind. I went to the Tax Planner, reset all the figures, and my stock options net income showed up as "Wages & Salaries - Self (Other).0
This discussion has been closed.