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Discussion:W-2, Box 14
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Discussion Forum Index --> Tax Questions --> W-2, Box 14
| 25 February 2007 | |
| I have a W-2 with a DQ DISP in box 14. Anyone know what DQ DISP stands for? it also show $6676 in box 14 | |
| 25 February 2007 | |
| Dairy Queen disposition of ice cream? Informational box only, but there could be a reduction of wages that this refers to....ask the client....I still like the dairy queen!!! | |
Death&Taxes (talk|edits) said: | 25 February 2007 |
| It probably was a disqualifying disposition of an Incentive Stock Option, which makes it a NonQualifed Option and the difference between the option price and the FMV is in the W-2.....now look for a brokerage statement showing a sale, which should be a push or small loss if the income is in the W-2. | |
| 25 February 2007 | |
| Thanks DT: I do have a sale of his Company stock. R U suggesting that the difference between the $6,676 in box 14 and the stock sale price of $9,605 should be included in box 1 of his W-2 so no gain or loss. Besides this is one of those Sunday afternoon Freebie's ... Grandson now living in Atlanta. | |
| 25 February 2007 | |
| Sandy, it's clear that there's no - at least very little - humor in taxes. -- Larry Hess, CPA, Albuquerque, NM - Talk to me | |
| February 25, 2007 | |
| 1040man - On Sch D, you are going to show the sales amount from the 1099-B, and the cost will be about the same as the sales amount. The loss in this case is usually for the fees paid to sell the stock options. Enter the W-2 amounts as you usually do and don't change the amounts in any of the boxes.
The exercise cost (aka option price) plus the amount included in the W-2 wages equals the total cost basis of the stock sold. The sales amount should be the gross sales amount less commissions paid. | |
Death&Taxes (talk|edits) said: | 25 February 2007 |
| You are going to have to find that out. I honestly don't know....check Medicare wages for a clue. Generally from what I see the employer will include ESPP income in that block and in the W-2, and I have seen DQ DISPincluded for one major drug company. I believe (Riley will probably confirm this) the employer does not have to withhold tax on the money but it would go in the W-2.
Larry, I was typing my reply at the same time Sandy was coming up with her joke so I did not comment....it was very funny. | |
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