I worked with another guy on a startup in 2015 for about a month. I am no longer at the startup but I agreed to fork over my intellectual property developed during that time in exchange for 10,000 shares of stock with fair market value of $0.10
Do I need to file anything with the IRS to establish my basis & get the capital gains clock running?
These are not ISOs or RSUs which is confounding my ability to google the answer. This is stock in a private company. I am not vesting it, it was an outright purchase.
I have not received any tax documents from the company.