My client received a STATEMENT OF TAXABLE INCOME, in regards to her company stock (Tesla)

Forum|Forum|6 years ago
December 7, 2019
3 replies
25 views

it states the total amount that was included in their W2 wages. she doesn't know if she sold this or not. Will she get a 1099B that will show this information?
Grant date : 11/13/2107
transaction date: 03/05/2018
value date;03/5/2018
price/tax basis:$0.00
value basis:333.3500
sale date:03/6/2018
sale price:333.7500 1 share total price;$0 adjusted sale price: $333.74 W2 income:333.35

Lacerte Tax

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Best answer by sjrcpa

Given it shows sale date and sale price she did sell some. I don't know about Tesla but a lot of companies don't issue 1099-Bs for employee stock transactions.

There is nothing foir her to report - unless you can find a way to get the $.40 ST capital gain on the return. The ordinary income from the transaction is already in her W-2.

sjrcpaAnswer

Level 15

Given it shows sale date and sale price she did sell some. I don't know about Tesla but a lot of companies don't issue 1099-Bs for employee stock transactions.

There is nothing foir her to report - unless you can find a way to get the $.40 ST capital gain on the return. The ordinary income from the transaction is already in her W-2.

The more I know the more I don’t know.

rbynaker

Level 13

I report them anyway. It's easier to enter one line on Sch D/8949 than to have to respond to a CP2000 next year. With so many documents available online now, there's no way of knowing if a 1099-B exists or not. I do agree that if it's directly through the employer and not through a broker there's not usually a 1099-B.

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