I have a question about taxes on stock option sales. Where do I report nonqualifying stock option sales?
Your basis in the stock is the sum of:
- What you paid to sell the option
- Compensation included in your income when you sold the option
What should you know before you calculate the cost basis of stocks for tax purposes? Learn more from the tax experts at H&R Block.
Does the IRS consider a life insurance payout part of your taxable income? Learn more from the tax experts at &R Block.
Do you have to claim Social Security survivor benefits for your child? Learn more from the tax experts at H&R Block.
Would winning the lottery affect your taxes? Learn more about how your taxes could change after a Powerball payout with H&R Block.