Form 3921 box 3 Exercise Price Per Share is less than box 4 FMV on Exercise Date, TurboTax, Smart Check doesn't like that, but that's what's recorded in my Form 3921?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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I can't fudge what's reported on my 3921, so how do I make TT happy and get beyond this SmartCheck?

TurboTax Deluxe Windows

MarilynG

Level 15

The Form 3921 is informational only, so you don't need to enter it in TurboTax.

When you sell shares, you'll receive a 1099-B and enter it in the Investment Income section. Type '1099b' in the FIND window, then 'Jump to 1099b'.

If your stock is employee stock, your Exercise Price will be less than the FMV, as you receive a discounted price per share.

Click the link for more detailed info on ESPP stock sales.

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jjen2271Author

Level 2

The step by step interview isn't the problem - that all works out fine even with the FMV < strike price. It's SmartCheck that raises an error when FMV < strike price. Even though that may be unusual, it should be acceptable!