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User Info On This Tax Day....; entered at 2018-04-15 10:56:47
Weezie
Posts: 6880
Registered: 2008-05-19 Caution: Congress at Work
Hubby works for a certain large gaming corporation. He doesn't get options, but all out stock grants. When they're vested, some shares are immediately sold to cover taxes (treated as ordinary income), while the rest go into his brokerage account. His 'basis' on these shares is the opening price of the stock that day and later when we sell them or whatever, I do the taxes accordingly.

So basically, his company wrote off his grants as a full expense although their 'cost' of his grant was essentially zero (Treasury shares)?

Interesting.
2018-04-15 10:56:47