I need tax help! I am so confused!
I get company stock options. Last year, I made a same-day sale of some of these options.
Now, that showed up in my W-2 in Box 14, labeled ISOGN.
But I also have a 1099-B in my E*Trade account, so I have to fill out a Schedule D somehow.
I'm using three different online tax programs: TurboTax, TaxACT, and H&R Block's TaxCut.
The first two programs only ask for the cost of the shares (which is not on the 1099-B but I think is the number of shares I sold times the strike price, plus the commission and fee) and then the revenue (which is on the 1099-B). They come out with a capital gain of approximately the amount I made on the sale and tax accordingly.
HRBlock, on the other hand, calculates the cost-basis differently. It asks me for the cost of the shares and then
how much of the income was declared in my W-2.
It also asks the amount for the AMT, which looks to be the gross revenue (number of shares times stock price). It comes out with a very small capital gain that I don't really understand, since I'm not sure why the ISOGN amount on my W-2 isn't the same amount I actually made from the transaction.
The gist of it is that HRBlock is telling me I owe a few thousand dollars less than the other two. How does taxing stock options work? I feel like if it's on my W-2, it should be getting taxed there (and there was no withholding on it, so I expected to pay some amount of taxes on it), but then filling out the Schedule D seems to cause that same amount to be taxed twice.
Men's sizing makes so much more sense.
Oh, I know! I just don't know my inseam and we're just ignoring what my waist measurement is right now, thank you.
it's a quick slap, not a grab. effective and easiest thing to do while both people standing. that or stunguns, you all know how I love a stungun.
flea will be along in a moment to tell you that people who don't have a big waist/hip difference might generally be happy in men's trousers. I think she still wears men's jeans.
I don't any more, because there comes that time when you can pull down on your fully-buttoned jeans and almost tug them off your body without unbuttoning them. On the up side, however, men's jeans usually do have a longer rise than women's jeans in the same size.
I am annoyed with my sweet coffee concotion purchase. I want a B&R Cap Blast, but no B&R really close, so I got a thing from Cinnabon- WAY too sweet. I tried to combine with a cup of unsweetened decaf coffee, but it is still too sweet, and then it slopped all over me. HATE.
Men's sizing makes so much more sense.
Varying hip to waist ratios are a bear.
I'm reading this article on brain disease and am fascinated on many fronts. There's the angle that the artist with a given disease became so fixated on the work of the composer with the same disease that exemplifies it so. Then there's the fact that she got this so clearly. And, I was aware of the left brain/right brain logic/art distinction, but that article implies there's a posterior/frontal distinction that further subdivides the brain into meaningful clumps--if right posterior is the well of artistic creativity, what's left posterior? Right frontal?
ita - I saw that same article yesterday and read it twice. The pattern-obsession is what got me. go figure.
Polter, did you buy the shares or were you given them? It appears that two of the programs are assuming you bought them (cost) and the other is assuming the options were additional income. In my IANYTL view, it is likely that you should be declaring both the income of the options and the gain.
I called LA City's Finance helpline, and they said that yes, this appeared to be an error, and it sometimes happens. They said to attach a copy of my business license and supporting documentation that I paid my taxes and am in good standing. So I did that, checked the box for an immediate hearing.
I pulled copies of my tax returns for the last three years, made copies of all documents related to my license, including the canceled check, and mailed the form back with the documentation attached, circling and notating each error on the form they sent.
Hoping for quick resolution.
On the up side, however, men's jeans usually do have a longer rise than women's jeans in the same size.
Except, when you do have a waist/hip/ass situation, the men's jeans that fit, sit lower than your waist, so the longer rise is more of a downside.