Should i delete 3021 if I did not receive a form

Forum|Forum|4 years ago
February 18, 2022
6 replies
25 views

did not receive form 3921

TurboTax Premier Online

JamesG1

Level 15

Perhaps.

IRS Forms 3921 are to be mailed to taxpayers by January 31, 2022. See IRS document here.

Did you sell stock that could have been reported on an IRS form 3921 for 2021 or a previous year? Please clarify.

The purpose of IRS Form 3921 is stated in this IRS publication.

Who Must File

Every corporation which in any calendar year transfers to any person a share of stock pursuant to that person's exercise of an incentive stock option described in section 422(b) must, for that calendar year, file Form 3921 for each transfer made during that year.

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tmat910Author

Level 2

Turbo is telling me I must verify ISO form 3921, but I never received one. I retired last year from a French company and the US office can't tell me anything about this form locally. I searched all my paperwork and could only find a letter from the French Broker dated 2020 telling me of a stock reversal in which I ended up with fractional shares.

Due to the fractional shares, they sold these and the funds were supposably sent to one firm and then another. I have not received funds for the sale at this time due to losing a lot of paperwork during the Texas freeze last year. Lost form for transferring funds to my bank account. Neither of these companies claim they sent out 3921.

I just emailed the french broker who sold the fractional shares to see if they by chance issued the 3921.

Turbo will not finalize my return until this if verified.

Many Thanks

Ted

GeorgeM777

Level 11

Form 3921 is an informational form only. The information contained within the form is generally not entered on your tax return unless you then sold the stock, or if you could be subject to alternative minimum tax (AMT). From you question, it appears the company sold your fractional shares; however, you also mentioned that you have never received the proceeds.

At this point, what are you being asked to verify? Are you being asked to verify that all of the information on Form 3921 (which you haven't received) is accurate? It seems you are not in a position to verify anything on Form 3921, because you don't have it. In other words, you don't know what it contains. Given that you don't have Form 3921, are you reporting sale proceeds from the sale of the fractional shares? If so, and you are confident that the entries are correct, can you confirm with your former company that the information you have entered is correct? If you can, and that information is the same that would appear on Form 3921, then you should be able to verify Form 3921, even though you don't have it, because you were able to verify the Form 3921 information independent of having the form.

@tmat910

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