You exercised the option on January 7, 2023, when the stock was selling on the open market for $12 a share. Although you held the stock for more than a year, less than 2 years had passed from the time you were granted the option. In 2024, you must report the difference between the option price ($10) and the value of the stock when you exercised the option ($12) as wages. The rest of your gain is capital gain, figured as follows. e-Filing: Submit Your Oregon Tax Return Online The state of Alaska sends each recipient a document that shows the amount of the payment with the check. To determine…