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New Member
posted Jul 11, 2020 8:42:34 PM

I have employee stock purchase, There is no discount. The cost on 1099-B is the actual cost. Why won't form let me continue without additional forms

The cost reported on 1099_B is the actual cost.  Do I need to do any other paperwork?

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1 Replies
Expert Alumni
Jul 14, 2020 5:15:01 PM

You do not need anything other than the 1099-B if you have determined the cost basis and holding period.  It may be asking you for a  3921 or 3922 for employee stock, but it is not required.   You would have received them from your employer when the stock or options were transferred or exercised.   These forms have all the information you will need to properly calculate the gain or loss on your transactions, but TurboTax will walk you through entering the information.  

 

Tax Deductions for Employer Owned Stocks (RSUs/Stock Options/ESPPs)

 

 

How to Report Stock Options on Your Tax Return