E-file an 83(b) election - Anil Chawla

E-file an 83(b) election - Anil Chawla

  If there is one thing a startup founder needs to know about the tax code, it's the 83(b) election . An 83(b) election essentially allows a founder to recognize income on the stock at the time it is awarded (which generally means zero income) versus at the time the stock vests (which, if things go well, could be a substantial amount of income). Discussion about the 83(b) election comes up quite frequently in startup circles, and most everyone knows that the election must be made within 30 days of the stock purchase date. That said, people often forget to mention that you also need to include the 83(b) in your annual tax filing. I recently completely my personal tax return with my wife, and was ready to e-file, when I got stuck with the question: How do I e-file an 83(b) election? Can TurboTax e-file an 83(b) election? I now have the answer, but first a little background:

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