"amon" <si_clopsus[at]yahoo.com> wrote in

- quote -

- Say yes. It should add the amount from the 1099 misc (your
ordinary ESPP income) to the cost basis of the stock.

- When you put in the 1099-misc, that should end up on Line
7 if TT handles it correctly and you answer the questions
correctly. I don't have TT so I don't know what Q's it will
ask about the 1099misc.

This article says it goes on line 7.
http://www.turbotax.com/articles/Emp...hasePlans.html

This article says it must be reported as wages, aka line 7.
http://www.irs.gov/pub/irs-pdf/p525.pdf

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I` am using Turbotax for doing my taxes. I have stocks from my ex-employer
which I received through the ESPP program. I sold these last year and
received the 1099-MISC form from them. There is no W-2 since I was not
employed with them through the whole year of 2002. When I entered the data
in Turbotax, I notice that I am being taxed twice on the same amount from
the 1099MISC - the second time from the ESPP portion of the Turbotax
interview where I said NO to the question about whether the amount was
reported in my W2. My questions are

1. Can I say yes to that question since the 1099MISC is
being taxed as regular wages?

2. By including the 1099MISC, I am also paying the SS and
medicare - should I be paying this from ESPP sales?

3. Is the 1099MISC the same as the W2 for employees who do
not receive any W2?

Please note that I am unemployed not a contractor.

Thanks.

Amon

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