Transfer of Stock

[Tracy Lee]

New client received a Form 3922 Transfer of Stock acquired through an employee stock purchase plan. 

I have never seen one of these.  I have read the instructions for it but am still confused.  It would seem that this is informational only and not taxable at this time; until he actually withdraws money?  Is this a correct assumption?

[Slippery Pencil]

I believe you are correct

[BulldogTom]

I think that the amount on the form 3922 will be the basis if/when the client sells the stock.   It is probably restricted stock or not publicly traded so they may only have limited opportunities to sell.

I have a client who did not keep that form, and it was a long conversation with her trying to figure out when she acquired the stock and what the basis was.  

Tom
Longview, TX