LindaCi
New Member

Retirement tax questions

Thank you for your information.

I am still in a quandary on how to proceed.

 

I did not receive form 3921 Exercise of Incentive Stock Option and don't believe I will.  I could not acquire a copy of my W2 form.  I tried through Boeing HR - they only keep 7 years prior.  I could not figure out how to acquire the W2 from the IRS.  However, I did find an article from 2004 that talks about the initial Boeing's Sharevalue Trust program which to me indicates that I was taxed on the value of the stock prices that I received in those years.  This is the article: https://boeing.mediaroom.com/2004-07-01-Boeing-Employees-to-Receive-Stock-Awards-in-First-Payout-of-...

 

And in that article, the following paragraph leads me to believe I was already taxed.

Under the trust's rules, a payout could have occurred only if the average of Boeing's high and low stock price on June 30, 2004, exceeded a threshold of approximately $44.00. Yesterday's average was $50.825, so each employee with full participation (all 48 months of the trust's Period 4) will receive a distribution worth approximately $900 before taxes. The estimated total amount of the distribution is more than $142.5 million.

 

So... my question remains:  Should I just give in and have a 0 cost basis and pay taxes on the entire sale of the stock or should I assume that I already paid tax on the value of the stock in the year I received it?

 

Thanks again