AmyC
Expert Alumni

Get your taxes done using TurboTax

You must keep each 3922 and save them along with your w2s. These forms create your basis in the stock. When they are sold, you will need to refer back to determine the correct basis for your stock. This is your responsibility, not the brokerage.

 

I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s, your  carryover information, and proof of your basis in your various investments. You must keep tax records  from the time you purchase until sold/ loss used plus 3 years. It is very easy to lose track of disallowed losses, carryforwards,  and basis. This can be a digital or paper notebook.

 

Reference:  Employee Stock Purchase Plans

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