Welcome Guest. Register Now!  


For 2014 Tax Tips For Year 2014.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-28-2015, 03:36 PM
Junior Member
 
Join Date: Mar 2015
Posts: 1
Stock Options on 1099, box 7.

When I left my job, I purchased stock options (ISO) at the bargain element. I am still holding the stock and from my research, it seems I should only(!) be hit with AMT. Yet I received a 1099-MISC form with income noted in box 7 Nonemployee compensation.
Is this the correct box? Do I need to pay SS/Medicare on the amount in the 1099? Or did my former employer select the wrong box on the 1099?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Stock options exercise gains question pacbeachdoc For 2014 0 03-12-2015 05:23 PM
Question about stock options erfranco Income 1 03-19-2014 10:29 AM
Stock options (selling puts) wpkluck Estimated Taxes 0 01-10-2014 01:01 PM
Stock Options [email protected] Capital Gains 0 02-27-2013 10:05 PM
Help with 1099-B and Schedule D, Wal-Mart Stock Maintenance Fee AnezaTN Capital Gains 1 02-02-2009 11:39 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.