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Why does an ESPP want me to fill out a 1099B?

lucrecia
Level 4
 
0 Cheers
3 Comments 3
Skylane
Level 11
Level 11

I’ve got a fairly decent imagination…. No idea… you’re the tax preparer and your client sold stock?

If at first you don’t succeed…..find a workaround
Just-Lisa-Now-
Level 15
Level 15

If they sold the stock from their employee stock purchase plan, you should have a 1099B as well.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Skylane
Level 11
Level 11

Is this publicly traded stock? If not, and if you have accurate basis information, I’d report the sale non covered no 1099b . No way would it prepare a 1099B.

If at first you don’t succeed…..find a workaround