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UPS Discussions
UPS stock at 10% off?
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<blockquote data-quote="Just another UPSer" data-source="post: 213747"><p>When you sell it, the difference between the stock price and what you bought it for goes on your W-2 and you pay ordinary income tax on that difference. When you do your capital gains/loss, make sure you use the original stock price. In other words, say the stock is at $72 and what you paid was $60 on these shares (in order to make it easy). The $12 difference will show on your W-2. On your schedule D, make sure you use the $72 per share instead of the $60, as you are already paying tax on the $12 in that year in box 1 of your W-2. On your stock statement, there is a note out to the side stating that there is a two year hold on these shares that are restricted.</p></blockquote><p></p>
[QUOTE="Just another UPSer, post: 213747"] When you sell it, the difference between the stock price and what you bought it for goes on your W-2 and you pay ordinary income tax on that difference. When you do your capital gains/loss, make sure you use the original stock price. In other words, say the stock is at $72 and what you paid was $60 on these shares (in order to make it easy). The $12 difference will show on your W-2. On your schedule D, make sure you use the $72 per share instead of the $60, as you are already paying tax on the $12 in that year in box 1 of your W-2. On your stock statement, there is a note out to the side stating that there is a two year hold on these shares that are restricted. [/QUOTE]
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UPS stock at 10% off?
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