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- Disqualifying disposition of stocks purchased under Employee Stock Purchase Plan
Disqualifying disposition of stocks purchased under Employee Stock Purchase Plan
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ramras_8
Level 3
01-27-2021
11:57 AM
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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
itonewbie
Level 15
01-27-2021
12:16 PM
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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.
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