Hey all!
Removed old post, updated. Basically, I have a 1099-B that has some blank fields, and using TT ... I don't know how to proceed. I also do not have a tax advisor, but I'm assuming I may need one finally.
Original post edited because I did find out that this stock was all through an ESPP. I believe it was a 5% discount, and came out of my bi-weekly pay.
The company's parent is based on Canada. So in parallel to this 1099, I recieved a T4PS, that shows a capital loss.
Any suggestions?
Thanks!
Here's what I'm missing on my 1099B:
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you only need four items, the two dates, the cost and the proceeds.
3) Cost or Other Basis (Box 1e)
Assuming this a publicly traded company, look up the price per share on the day you got the award.
Thanks @fanfare!
I did talk to my former employer. This was an ESPP ... meaning I was buying stock every pay check, not a one time payout.
How do I manage that? I'm on hold now with Morgan Stanley trying to get answers too.
Also, I have a T4PS (Canadian based company) that shows a capital loss. So I sold these stocks at a loss based on what I paid for them ... if that helps.
I sold an ESPP a very long time ago, I don't remember the details.
See if your statement of account for the ESPP shows the basis of your shares.
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