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Subject Author Date
Date acquired/sold for options fss 01-30-2007
Posted by fss on January 30, 2007, 9:52 pm
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 When documenting stock options that were exercised, which
should be used as the DATE ACQUIRED?
- The date that the options were granted/accepted.
- The date that the options were vested
- The date that the options were exercise

I could make a case for any/all of these dates.

Tx

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Posted by Hank Murphy on January 31, 2007, 4:53 pm
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> When documenting stock options that were exercised, which
> should be used as the DATE ACQUIRED?
> - The date that the options were granted/accepted.
> - The date that the options were vested
> - The date that the options were exercise
>
> I could make a case for any/all of these dates.

This depends on several factors. Were these incentive stock
options (ISOs)? If so, exercise price.

I don't see how one could use anything but the exercise date
for this, for most qualified options, but perhaps wilier
posters have other strategies.

See:
http://www.irs.gov/taxtopics/tc427.html

Good luck.

Hank Murphy
speaking only for myself

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<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
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Posted by Rich Carreiro on January 31, 2007, 4:53 pm
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fss@altavista.net writes:

> When documenting stock options that were exercised, which
> should be used as the DATE ACQUIRED?
> - The date that the options were granted/accepted.
> - The date that the options were vested
> - The date that the options were exercise

It depends :). What kind of options are these (ISO or NQO)
and what is the calculation you are trying to make?
Presumably it's not on Schedule D, since employee stock
options virtually never going to show up on Sched D because
they can't be sold.

--
Rich Carreiro rlcarr@animato.arlington.ma.us

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Posted by Shyster1040 on January 31, 2007, 4:53 pm
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Generally, the "date acquired" for stock acquired through
exercise of an option is the date the option was exercised.

The "date acquired" for the option is, obviously, the date
of grant, unless unvested at that time and not subject to a
Sec. 83(b) election (most options aren't), in which case the
date of vesting would be the "date acquired" for the option.

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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