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Returning Member
posted Mar 16, 2021 3:33:21 PM

why am I getting w-2 from former company after selling espp?

Hello,

I sold my former company espp and I found that a w-2 about this espp from my former company is on adp website. Is it normal? Do I need to input this w-2 when I file tax? Or I only need to input 1099-B about the sale? Thank you. 

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1 Best answer
Level 1
Mar 16, 2021 3:51:49 PM

Yes, you need to enter the W-2 as well as your 20199-B. The value of ESPP is your income and is reported on your W-2 in the year received. If you received the stock in 2020, you need to report the value of the stock as income  plus gain on the sale, if any, from your 1099-B on your tax return. 

2 Replies
Level 1
Mar 16, 2021 3:51:49 PM

Yes, you need to enter the W-2 as well as your 20199-B. The value of ESPP is your income and is reported on your W-2 in the year received. If you received the stock in 2020, you need to report the value of the stock as income  plus gain on the sale, if any, from your 1099-B on your tax return. 

Returning Member
Mar 16, 2021 4:06:55 PM

Thank you.