Employee Stock Purchase Plan from Germany company

Forum|Forum|1 year ago
March 28, 2025
1 reply
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I am a US citizen and I participate in Employee Stock Purchase plan. This plan is administered through Computershare NA which is a US company. I have 100+ USD worth stock in this plan. Do i need to report this under FATCA requirements? I assumed since the stocks are administered by a US company, it might be exempt. How do i find out if i need to report on FATCA or not? thank you

Not A Product Question

KrisD15

No, that would not be considered an offshore account.

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M

main0stageAuthor

Employee

hmm their website (equateplus) gives me an option for "FATCA and CRS self-certification: It does not state if it is mandatory, but looks like there is some relevance. The share performance is shown in EUR but my entire portfolio is in USD. It is impossible to tell if the assets are help in US or Germany. The 1099-DIV note has the FATCA box unchecked, but that is maybe because i have not self certified for FATCA. Any clue?

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BrittanyS

You will not need to check the box if your form does not mark the FATCA box. The FATCA box is for the payer. If the payer is required to report the income, they are required to mark the FATCA box. The box being checked just means that the payer has already reported the information on the form to the IRS.

@main0stage

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