Options Trading Tutorial

Tax reporting for exercising ISO stock option?

I just exercised some ISO stock option by buying and holding the stocks. I have not sold any of the stocks yet. Do I need to report to IRS now about the exercise? I understand at the end of the year I need to report it on 1040 for AMT calculation. I just don't know if there something I need to file right away, say within 30 days of my exercise.

Public Comments

1. Yes, there is a form you must file within a specified time. Sorry I do not know the number.
2. You are talking about a section 83(b) election. Your employer should be able to help you with this.