How do I report ISO stock sales on Schedule D?
September 18, 2006
Date: Fri, 23 Jun 2006
My employer includes my income from the same day sales of my ISO shares on my W-2. How do I report the sales of stock on Schedule D?
Date: 05 Jul 2006
Add the income reported on your W-2 with respect to the option exercises to the cost of the stock to get the tax basis of your stock. You should then report a gain or loss close to zero on Schedule D for these transactions. If you need someone who understands this to prepare your income tax returns, that’s what we’re here for.