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sales treatment for shares received in an Agilent spinoff on ESPP shares
In 2014,Agilent Technologies completed the spinoff of Keysight Technologies and for all shares owned distributed 1 shares of Keysight for every 2 shares of Agilent. This was done for all shares owned which included my ESPP shares. In 2021 I sold some of the Keysight ESPP shares and the 1099B identified the shares as acquired through the employers stock purchase plan. I still own all corresponding the Agilent ESPP shares. How do I record the sale? This was a qualifying disposition but do I have to treat these additional shares as ESPP shares? How would I allocate to determine the compensation income?
Thanks,
LM
‎June 15, 2022
2:15 PM