turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Employee Stock Purchase Plan from Germany company

I am a US citizen and I participate in Employee Stock Purchase plan. This plan is administered through Computershare NA which is a US company. I have 100+ USD worth stock in this plan.  Do i need to report this under FATCA requirements? I assumed since the stocks are administered by a US company, it might be exempt. How do i find out if i need to report on FATCA or not? thank you

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
KrisD15
Expert Alumni

Employee Stock Purchase Plan from Germany company

No, that would not be considered an offshore account. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Employee Stock Purchase Plan from Germany company

hmm their website (equateplus) gives me an option for "FATCA and CRS self-certification: It does not state if it is mandatory, but looks like there is some relevance. The share performance is shown in EUR but my entire portfolio is in USD. It is impossible to tell if the assets are help in US or Germany. The 1099-DIV note has the FATCA box unchecked, but that is maybe because i have not self certified for FATCA. Any clue?

BrittanyS
Expert Alumni

Employee Stock Purchase Plan from Germany company

You will not need to check the box if your form does not mark the FATCA box. The FATCA box is for the payer. If the payer is required to report the income, they are required to mark the FATCA box. The box being checked just means that the payer has already reported the information on the form to the IRS.  

 

@main0stage 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question