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Disqualifying disposition of stocks purchased under Employee Stock Purchase Plan

Level 3

How do you report income from  disqualifying disposition included in W-2  as part of Wages  (Box 1) and also on 1099 B (Proceeds  from Broker and Barter Exchange Transactions)  so that the income is not double tax? How can you cancel one income out? 

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1 Comment 1
Level 15

The basis should have been adjusted for the compensation recognized.  The custodian brokerage should have picked that up.  Check the details and follow the money.

Still an AllStar