I purchased stock 20 years ago through an ESPP. I recently sold some of the stock and have ordinary income (difference between stock price I paid and the actual stock price). I have the paperwork from when I bought the stock so I can determine the ordinary income. I understand how to report the ordinary income on my federal income tax. My question is how to report the income on my PA income tax. I assume I report it on form W-2S in Section II. However I don't have anything other than the 1099-B reporting the sale. Do I write up my own statement documenting the ordinary income?
You'll need to sign in or create an account to connect with an expert.
One you enter the income on your federal tax return, it should flow down automatically to your state tax return, so no additional entry should be required on your state tax return.
One you enter the income on your federal tax return, it should flow down automatically to your state tax return, so no additional entry should be required on your state tax return.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Gvandelo
Returning Member
martis880
Level 1
dltmoll
Returning Member
marie2023
Returning Member
tjreilly1
Level 1