Hi everyone,
Some years ago I received Employee Restricted Stock Options from the company I was working for, and it was only one year ago that I exercised them. The results of it were the below:
ACCOUNT HOLDINGS
CASH & CASH EQUIVALENTS 3,321.54 (over the years I accumulated the dividends )
RESTRICTED EMPLOYEE STOCK OPTIONS (long-term): WITHDRAWALS & DEPOSITS $3,342.01
Adjusted Gain/Loss = Loss $596,73
NET DIVIDENDS & INTEREST ACTIVITY $20.47
At the time I exercised the options, I was unemployed without any benefits, so I did not have any income.
My question is: Do I have to declare the Cash and Loss to Revenue?
In other countries within Europe, if you do not have income, you do not have to declare this.
Please does any of you know what Revenue says about this matter?
I have read that we must declare any gain within a year, I only have 15 days to declare if any.
If you know where the Revenue website states the non-income scenario and tax obligations, I would appreciate it.
Thanks!!
Some years ago I received Employee Restricted Stock Options from the company I was working for, and it was only one year ago that I exercised them. The results of it were the below:
ACCOUNT HOLDINGS
CASH & CASH EQUIVALENTS 3,321.54 (over the years I accumulated the dividends )
RESTRICTED EMPLOYEE STOCK OPTIONS (long-term): WITHDRAWALS & DEPOSITS $3,342.01
Adjusted Gain/Loss = Loss $596,73
NET DIVIDENDS & INTEREST ACTIVITY $20.47
At the time I exercised the options, I was unemployed without any benefits, so I did not have any income.
My question is: Do I have to declare the Cash and Loss to Revenue?
In other countries within Europe, if you do not have income, you do not have to declare this.
Please does any of you know what Revenue says about this matter?
I have read that we must declare any gain within a year, I only have 15 days to declare if any.
If you know where the Revenue website states the non-income scenario and tax obligations, I would appreciate it.
Thanks!!