How do I figure out a mutual fund cost basis for tax purposes? [more inside]
How should we set up gnucash to track a couple's cash flow and joint account? [more inside]
What Macintosh software or online service should I use when I'm forced to stop using Quicken 2005 this summer? [more inside]
I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?