When I left my job, I purchased stock options (ISO) at the bargain element. I am still holding the stock and from my research, it seems I should only(!) be hit with AMT. Yet I received a 1099-MISC form with income noted in box 7 Nonemployee compensation.
Is this the correct box? Do I need to pay SS/Medicare on the amount in the 1099? Or did my former employer select the wrong box on the 1099?