Friend called me. He says he exercised some employee stock options, which he immediately sold, in 2008. His company included the profit in his W2 as I understand it, as well as including it in whatever reports such maneuvers. He said if he reports it under both categories it appears to really jack up his taxable income. Since this is beyond me (to whom he came for advice) based on what little info I have, where should I tell him to look, or handle it, or whatever. Best I could come up with was to call IRS and ask them.
- posted
15 years ago