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Originally Posted by SG_E92
Anyone?? I will PayPal a gift($10) for a solid answer with an explanation
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Your basis is whatever the stock was worth on the day you were granted x quantity. Ex:- 100 shares granted worth $25/each. Basis is $2500. You have to report vested stock income regardless if you sell the stocks or not because it's kind of an award. Options are different. Make sure to report the tax you paid on 7 shares. Hope this helps!