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Cover tax implications after exercise when company is acquired at a loss #225

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slinkp opened this issue Jan 17, 2020 · 1 comment

slinkp commented Jan 17, 2020

Example:

exercise at strike price $x
pay AMT tax on bargain element
hold shares n years
company acquired for less than overhang, common stock is worth $0

Questions:

Is it possible to claim the loss of share value as a deduction or credit for tax purposes?
What form(s) used for this? Possibly an 8949?
What tax documentation is the company required to provide to shareholders in this scenario? Is it possibly a 1099-B?
Is it possible to get any deduction or credit for the AMT previously paid?

Author

slinkp commented Jan 17, 2020

I think this is not the same as #79 because it's neither early exercise nor section 1244

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