lennstrom14
Junior Member
What is the name of your state? new york
please help in determining how to report loss on schedule d ..
w2 is coded with "V" income from exercise of non statutory stock options .
i received confirmation statement from employer this is what forms show ...
#1 cinfirmation statement :
you sold 223 at price of 50.48
citigroup exercise and sell
grant price 32.2219
option cost : 7,185. 48
gain at 50.48 4,071.56
federal tax 1017.89
fica tax 1 252.44
fica tax 2 59.04
state tax 299.26
other fee .35
gross amount 11,257.04
total exercise cost 8,814.46
net amount 2,442,58
settlement date 10/10/06
form says you will not receive a schedule b --you should report loss realized on this sale on part 1 sched d as short term cap loss ..the trade date is date aquired and date sold ...i assume that is 10/10/06 settlement date ...is this correct?
it says gross amount of trade (before exercise costs ) should be cost basis ..gross amount less any applicable brokerage fees ( including commission ,transaction fee ,other fee and exercise fees ) should be used as sales price ..the difference should be shown as a loss...
would this be correct : cost basis 11,257.04
sales price 8,814.46
short term cap loss 2,442,58
thanks for your help ....
please help in determining how to report loss on schedule d ..
w2 is coded with "V" income from exercise of non statutory stock options .
i received confirmation statement from employer this is what forms show ...
#1 cinfirmation statement :
you sold 223 at price of 50.48
citigroup exercise and sell
grant price 32.2219
option cost : 7,185. 48
gain at 50.48 4,071.56
federal tax 1017.89
fica tax 1 252.44
fica tax 2 59.04
state tax 299.26
other fee .35
gross amount 11,257.04
total exercise cost 8,814.46
net amount 2,442,58
settlement date 10/10/06
form says you will not receive a schedule b --you should report loss realized on this sale on part 1 sched d as short term cap loss ..the trade date is date aquired and date sold ...i assume that is 10/10/06 settlement date ...is this correct?
it says gross amount of trade (before exercise costs ) should be cost basis ..gross amount less any applicable brokerage fees ( including commission ,transaction fee ,other fee and exercise fees ) should be used as sales price ..the difference should be shown as a loss...
would this be correct : cost basis 11,257.04
sales price 8,814.46
short term cap loss 2,442,58
thanks for your help ....