KrisD15
Expert Alumni

Get your taxes done using TurboTax

THERE IS A MORE CORRECT WAY.

 

Did you sell the stock or only purchase?

The discount on the purchase of the stock is not reported as income when you exercise the right to purchase. 

Income is only recognized when the stock is sold. 

 

HERE is a link that explains more in detail. 

 

If you did sell the stock, please continue the question. 

 

The amount of the discount in Box 14 is only used when the stock is sold and how it's reported depends on how long you held the stock before you sold it.  

 

 

 

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