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In response to
"why are they so bad? I mean, isn't it just the usual stuff? -- nm"
by
the amanda nones
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Stock sale from employee purchase plan plus purchase of condo are the two that adding agita.
Posted by
ty97
Feb 3 '12, 08:11
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Since I owned some of the stock less than a certain time, the discount for my employee purchase program gets reported in my W-2. I also have the stock sale information from the brokerage folks who handle the stock, which is a combination of long-term and short-term ownership which means I have:
1. Different rates applying to different portions of the same sale (long vs short)
2. Confusion over whether the brokerage folks removed from their form (or included) the amount of the discount in my cost basis. This should be removed (as far as I can tell) since it's been added separately to my W2.
For the condo purchase, I have two different statements, one from the broker who got my mortgage, one from the bank they sold it to. The broker one contains:
1. Points. Which read as if their deductible on the broker form, but I know there strange rules around when points are deductible.
2. Mortgage interest for the time when they owned the loan (basically for closing) which may or may not have been included also in the my mortgage owner's statement?
If I am to do my own taxes, I need to sit down, do a good amount of math, do even more research, and (of course) get that form that @#*$#@$ etrade hasn't sent me yet.
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Responses:
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