My previous company had a stock program in which you could choose a percentage of your salary (5-10%) which could be traded for company stock for a discount. I used the program but I’m unsure how I’m supposed to declare these benefits and I’m wondering what to do as well as the stock has lost a lot(more than 70%) of value and I wasn’t able to sell at a profit.
If I sell it at a lost is there a chance I obtain a higher tax refund?
Anny advice would be appreciated.
by salmix21