My employer offers a program where employees can purchase company stock at a 10% discount once at the end of each quarter. They withhold money from each paycheck and at the end of the quarter, they buy shares at the price the stock was at the beginning of the quarter OR end of the quarter, whichever is lower + 10% off.
I usually turn around and immediately sell it. When I do, the company logs some "income" in my paycheck so that some taxes are withheld for the transaction.
Question: It's tax time, and I have a 1099 from the broker who runs the program that says I made $XXXX from the transactions. Do I need to log these gains on a Schedule D for Cap Gains even though some income was logged on my W-2 for this? It's difficult for me to tell if the income on the W-2 reflects just the "discount" on the stock vs. fair market value OR the actual capital gain from the rise in stock price.
Submitted February 17, 2018 at 09:10AM by dreadnought89 http://ift.tt/2HoQ0LR
