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9 years ago as part of my employee agreement I was offered ...
Sent to Tax Experts July 02 11:45 AM

9 years ago as part of my employee agreement I was offered 15% stock in the company. I have recently be terminated from the company without having exercised those shares. We have agreed on a dollar value for the shares but they are telling me that that amount will be considered as compensation not captial gain. Is this correct ?

 

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pittsburgh, Pennsylvania

Customer (name blocked for privacy)
Status:  Closed   Value: $30
Answer
July 2 12:04 PM (19 minutes and 18 seconds later)
         
ACCEPTEDCheck Mark

In order to consider that amount as a capital gain you should actualy have stocks in you account for at least two years.

As I understood - you had stock options - not actual stocks.

If this is a case - your employer is correct - the fair market value of stocks minus the price you paid - is your compensation.

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