<Your employer should report $1,000 of compensation income, and you pay tax on that amount. Inaddition, the broker sends you a 1099-B showing you sold stock for $3,000. On Schedule D youreport that you received $3,000 proceeds from the sale of stock. And you show your basis in thestock as $3,000 (the $2,000 you paid plus the $1,000 that was taxed as compensation). >This gets me much closer to determining what I need to do about my ESPP plan sale (see thread "espp - qualifing disposition - TTax), however in the espp plan, I am the one that needs to report the compensation, my employer does not. Any idea where I would report this?Thanks
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M