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Selling ESPP shares acquired while an alien before coming to the US
I acquired ESPP shares, more than 2 years ago (they are now qualified) as an alien before coming to the US and now have green card.
These shares where obtained with a discount and are currently below both FairMarketValue at grant date and FMV at purchase date. When selling qualified ESPP shares the difference between FMV at grant date and discounted acquisition price is reported as income, which makes me pay tax for shares which I had before coming to the US.
As I was an alien and overseas, I was not given a form 3922 as this is a typical US tax form.
The most correct solution seems to me that I use the actual purchase price as the cost basis and go from there. Am I correct in my assumption?
‎February 11, 2021
2:40 PM