Here is the scenario I am faced.
I've transferred DSPP stock from my former employer's stock transfer company (Computershare) to Etrade a few weeks ago. These stocks are from 2010 and 2011.
I executed the sale of these stocks a couple days ago and learned that Etrade is labeling the gains of these stocks short-term and will be reporting to the government as such on the Form 1099-B. I have called Etrade and talked to a representative that told me this.
Basically said the burden of proof falls on me to provide documentation to the IRS that these stocks are indeed eligible for long-term gains.
My questions are the following:
- Is the representative correct?
- If so, what constitutes as proof and how can I include such proof in my 2014 filing? If it matters, I use Turbotax to do my taxes and e-file submit the docs.
As for proof, I have the following:
- 2010 and 2011 Form 3922 for the stocks in question
- A copy of Computershare's DRS Advice showing the transfer from the broker to Etrade
- Computershare's transaction history where the DSPP Issuance is dated in 2011
- Access to documentation of dividend payout as well, all the way back to 2012
Would this be enough to be considered as proof?