i'm at 2 as well. stupid employee stock purchase plan killed my refund because it's not taxed, it's filed through the broker firm.#richpeopleproblems
i'm at 2.
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i'm at 2 as well. stupid employee stock purchase plan killed my refund because it's not taxed, it's filed through the broker firm.#richpeopleproblems
i'm at 2.
More #richpeopleproblemsi'm at 2 as well. stupid employee stock purchase plan killed my refund because it's not taxed, it's filed through the broker firm.
Correct, it's post-tax dollars. Our look back period is 6 months. We get 15% off the lower of the first or last day of the period. In October our purchase was at $136. May 1st our stock was at $103 so we bought stock at $88. I had an immediate 54% gain on 15% of my take home dollars. I sold half to keep some gains. So my taxes suck this year.More #richpeopleproblems
The new company I'm at has ESPP. I haven't been able to use one since I was at Symantec like 4 years ago. I'm maxing that fucker out. Love that ESPP lyfe.
Isn't yours post tax dollars? Unless your look back is a long period or your stock fluctuates like crazy, shouldn't be that much.
yep, that's the confusion on box 14 i was referring to earlier. etrade has the gains as well, so i'll have to make sure uncle sam isn't going to double dip. lolJust be sure they aren't running that gain through your payroll already.
I just had to file 2 amended returns for a guy that had the gain reported and taxed through his payroll/W2, and then he reported the capital gain as it appeared on the 1099 with no adjustment to basis.
ugh, what a pain in the ass. i enjoy the money, but this february 16th for docs is annoying.If the gain was already run through your payroll there would have been tax withholding including income tax, SS and Medicare withholding.
You should have received statements from your employer stating this.
If this is the case you use adjustment code O on form 8949 and adjust the basis (or reduce the gain) so you are not taxed twice on the same income.
Why aren't you hiring an accountant with all these cheddar your making? Take a break and leave it to the pro.ugh, what a pain in the ass. i enjoy the money, but this february 16th for docs is annoying.
Ha! I wish I made that much money. I'm still just a peasant. If it wasn't the stupid stock options, i'd be fine.Why aren't you hiring an accountant with all these cheddar your making? Take a break and leave it to the pro.
Like taking pictures of your baller cars? lolI'm sending mine off to a professional. I have too much chit going on to even think about attempting it myself this year.