This is a bit unclear.
The snapshot from your brokerage account (I presume?) above doesn't really clarify the relevant details.
Did you get the shares for free?
If so, how many shares and what was the price at the time that you acquired them?
The full value at that point would be considered income and should be declared (unless this stock incentive scheme is subject to some treatment that alters the tax treatment) along with the dividends.
Even if it's under your tax exemption amount based on your tax credits.
Have you disposed of them since or do you still hold them?
Thanks, ClubMan,
Hope the below will clarify:
The
192 Employee Restricted Stock Options were given to me as a salary incentive (yes, free. I did not buy anything), this was a (clever?) way my manager decided to increase my salary over several years.
The company already declared it at the time and it shows on the payslip as AIP,
Accumulated Income Payment
I do not hold them anymore because I sold all of them in September 2023. As you see in the attachment, the value of those options decreased, total Loss $596,73
The dividends were kept accumulating over the years as Cash with the same brokerage. I disposed of it as well in September 2023.
The brokerage transferred:
- €3,599.18 Net Proceeds _ Do I have to declare it keeping in mind that there was a loss in value (= no gain) at the time the options were sold?
- €3,320 Cash
Because I was unemployed without any benefits and that was my only income in 2023, is mandatory to declare all of this?
I have received a notification from the brokerage: IMPORTANT TAX RETURN DOCUMENT AVAILABLE, if I have to declare the transactions, is this the only document to be presented in Revenue? Or should I consider anything else, how do they know there was a loss?
Thanks again,