DeveraC
Level 3

I have a client who was a nonemployee director of a bank. He is no longer there and exercised/cashed in his stock options with the bank. He originally received a W2 with the options, but when we informed the bank as a reminder he was never an employee with them, the reversed the W2 and then issued him a 1099-NEC with the profit of the stock options ($282k.)

How to link the 1099- NEC to the Sch. D/8949, as the only links are for Sch. C, Sch. F, Other Income, or Wages on the 1040? He was not issued a 1099-B, but I have the information to enter the sale of the stock. 

Surely this amount doesn't go to a Sch C??? 

 

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