Is it regular income or what?
2007-03-29 07:37:33 · 4 answers · asked by dmk1492 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
I am talking about stocks, not stocks options!
2007-03-29 07:44:20 · update #1
Ok, I think I put it wrong.
Question is not whether I pay taxes at all, but when should I pay taxes.
I see 2 possibilities, it can be:
Now at a time of a stock grant, or later when I will sell those shares.
2007-03-29 07:54:24 · update #2
It's regular income. It's taxed at the value of the shares when you receive them. The value of the shares should be included in the amount in box 1 of your Form W-2
When you sell, you pay capital gains if you make a profit.
When you mention "grants" that DOES involve stock options and the treatment of them will depend upon the characterization of the options.
2007-03-29 08:20:20 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
First, the correct spelling is "paid" "Payed" means "To let out (a line or cable) by slackening"
You declare as income the value of the stock you receive. When you sell it, you declare it as either a capital gain or loss depending on whether you sold it for more or less than the value for which you previously paid taxes.
2007-03-29 08:31:07 · answer #2 · answered by garyg7 7 · 2⤊ 0⤋
Everyone pays taxes ....Weather you want to believe it or not . The answer is YES.How much depends on the amount you recieve. That info wasn't given....
2007-03-29 07:45:58 · answer #3 · answered by marshoberg55 4 · 0⤊ 0⤋
http://www.irs.gov/newsroom/article/0,,id=167643,00.html
I hope this helps.....
I would seek the help of a tax professional
good luck & bless
2007-03-29 07:42:24 · answer #4 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋