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.

haithama
New Member

I gifted my ESPP to my daughter, they show up in 1099 from my broker as income! how do I exclude them?

 
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.

2 Replies
RaifH
Expert Alumni

I gifted my ESPP to my daughter, they show up in 1099 from my broker as income! how do I exclude them?

To clarify, did you sell the shares and give your daughter the proceeds or did you give her the shares of stock? Did you receive Form 3922 from your employer?

 

If you did not sell any shares, I do not understand why you received a 1099-B for this transaction. 

haithama
New Member

I gifted my ESPP to my daughter, they show up in 1099 from my broker as income! how do I exclude them?

I take it back, I doubled checked the transaction history and turned out these were an automatic short sale from ESPP that I later changed to not sell automatically. the gifted stocks are not showing in 1099-B. thanks for your quick response :).

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question