ljwalters Posted March 9, 2011 Report Share Posted March 9, 2011 I am use to dealing with a complete w2 marked corrected. But, in this case I have the original w-2 and a form w2c. The w2c shows a change to box 1 only not box 3 or 5. Then in box 14 it shows $ 35k+ ISODD. What is this and would it change the ss wages. Then I have a 1099B from the same co. that shows a sale of stock for $40K+. There is no form from the company payroll explaining stock purchases or same day sales, or even basis. Client left this company, should I send her back for more info. As for the w2 do I just input the old figures and change just those to boxes and mark corrected. At a loss, tired, hungry and grandchild is bugging me. Linda and buddy Quote Link to comment Share on other sites More sharing options...
Kea Posted March 9, 2011 Report Share Posted March 9, 2011 I would say that the code "IS ODD." (Sorry, couldn't resist.) Actually it looks like Incentive Stock Option.... but not sure what the DD would be. Direct Deposit doesn't seem reasonable. No documents from the brokerage that issued the 1099B? Could it be the basis for the stock sale? I would have her check first with the brokerage. If no luck there, then check with the former employer. Quote Link to comment Share on other sites More sharing options...
ljwalters Posted March 9, 2011 Author Report Share Posted March 9, 2011 The 1099B was sent by wells Fargo share owner services and states right on it that they do not calculate cast basis. I am guessing she needs to go back to the former employer. What about the w2 is that how you would handle that part? Linda and buddy Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 9, 2011 Report Share Posted March 9, 2011 Input the information as it is on the corrected W-2. If the figures are off, which apparently they may well be, then I think you can mark this as non standard W-2 with the correct figures. I think that is what it is called. Quote Link to comment Share on other sites More sharing options...
Taxing Situations Posted February 28, 2014 Report Share Posted February 28, 2014 A nonqualified disposition is included in box 1 of the W-2 as taxable wages. It is not subject to SS or medicare taxes. This is likely a standard, corrected W-2. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted February 28, 2014 Report Share Posted February 28, 2014 Did you realize that you answered a post that is 3 years old? 2 Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 28, 2014 Report Share Posted February 28, 2014 At a loss, tired, hungry and grandchild is bugging me. I believe this still holds true after 3 years. Please have some rest and give a big kiss your grandchild. 1 Quote Link to comment Share on other sites More sharing options...
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