ESPPs: Taxes Advanced UPDATES! How have IRS Form 1099-B and cost-basis reporting changed for sales of stock acquired from my stock options, restricted stock, or ESPP? What do I need to do differently because of the changes? If you sold shares during the calendar year, your brokerage firm will issue IRS Form 1099-B by mid-February of the following year. This is an important document that you must have to complete your tax return for the year of sale. Many brokerage firms reformat Form 1099-B into their own substitute statement , which they issue instead of the actual IRS form. The IRS also receives the reported information and will match it against the information you provide on Form 8949 and Schedule D of your tax return . Significant Changes In The Reporting On Form 1099-B A few years ago, Form 1099-B changed to require more details about stock sales. For sales of shares acquired on or after January 1, 2011, stockbrokers have had to report to you the stock acquisition dates,
Read full article from myStockOptions.com | UPDATES! How have IRS Form 1099-B and cost-basis reporting changed for sales of stock acquired from my stock options, restricted stock, or ESPP? What do I need to do differently b
No comments:
Post a Comment