Tracy Lee Posted April 4 Report Share Posted April 4 New client received a Form 3922 Transfer of Stock acquired through an employee stock purchase plan. I have never seen one of these. I have read the instructions for it but am still confused. It would seem that this is informational only and not taxable at this time; until he actually withdraws money? Is this a correct assumption? Quote Link to comment Share on other sites More sharing options...
Slippery Pencil Posted April 4 Report Share Posted April 4 I believe you are correct Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted April 4 Report Share Posted April 4 I think that the amount on the form 3922 will be the basis if/when the client sells the stock. It is probably restricted stock or not publicly traded so they may only have limited opportunities to sell. I have a client who did not keep that form, and it was a long conversation with her trying to figure out when she acquired the stock and what the basis was. Tom Longview, TX 4 Quote Link to comment Share on other sites More sharing options...
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