How do I present a stock swap on my tax return?
April 12, 2004
Subject: Exercise of ISO by “SWAP”
Date: Thu, 18 Mar 2004
I exercised an ISO of 25,000 shares at 20¢ per share, or $5,000. I swapped 2,222 shares at $2.25 per share. How do I present this on my tax return?
Thank you so much for whatever help you could extend me.
You will still report the AMT adjustment for the options that you exercised, but there is no other information required to be presented.
I recommend that you get a tax return preparer to help you handle this correctly. Accounting for swaps is tricky.