Article: 50181

Corporations file this form for each transfer of the legal title of a share of stock acquired by the employee pursuant to the employee’s exercise of an option granted under an employee stock purchase plan and described in section 423(c) (where the exercise price is less than 100% of the value of the stock on the date of grant, or is not fixed or determinable on the date of grant).

Add Form 3922

Generally, Form 3922 is issued for informational purposes only, unless stock acquired through an employee stock purchase plan under section 423(c) is sold or otherwise disposed of.

The information on Form 3922 may then be used to calculate the basis for the gain or loss of the sale, or disposition for the year in which the stock is sold or otherwise disposed of in the tax year; at that time, you should receive a Federal Form 1099-B, which would need to be reported on your tax return.

Additional Information

See the IRS Instructions for Form 3921 and 3922 for more information.