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New:  If you had HPE stock at Morgan Stanley last year, a corrected 1099-B dated 4/13 is being sent via postal mail.  (Updated 2 PM, April 16, 2018.)  Questions or comments to: info@hpalumni.org

1. One member called Morgan Stanley and got them to email him a pdf of the corrected Micro Focus 1099-B, dated 4/13/18. Reportedly being sent to 6,000 people with HPE stock held at Morgan Stanley. See copy below. You can call Morgan Stanley and have the 1099-B HPE details read over the phone. 1-866-722-7310

2. Be sure to check for a "quarterly maintenance fee" on any Morgan Stanley account. Another member reports that a $200/quarter fee drained a relative's small account.

Extension of time to file. "April 17 is the deadline for most taxpayers to file an extension and to pay taxes owed to avoid penalty and interest charges. If you file for an extension, your return is due October 15, 2018. ...an extension of time to file your return does not grant you any extension of time to pay your taxes." IRS link  (You can file for an extension with a paper form or using TurboTax.)

Apparently applies to:

- Compaq Employee Purchase plan administered by Smith Barney. CPQ shares converted to HPQ, which spawned HPE, DXC, and MFGP shares. Unless moved, the shares are all now in a personal "StockPlan Connect" account at Morgan Stanley.

- Non-US former HP or HPE employees who have shares at Morgan Stanley's "StockPlan Connect" -- if they pay US taxes.

- Any US person who had HPE stock on Sept 1, 2017 at Morgan Stanley -- probably applies.

One member called Morgan Stanley and got them to email him a pdf of the corrected Micro Focus 1099-B

"CORRECTED COPY AS OF 04/13/18. Following is a corrected form 1099 for 2017. Initially, the proceeds amount was calculated with a conversion rate of .2208; the correct rate is .1373. The cost basis amount was calculated with a conversion rate of .1373 times the Micro Focus FMV of $29.34; the correct rate is .2208 times the original Hewlett Packard Enterprises [sic] cost basis. Note that each tax lot of HPE had a different cost basis."

[In other words, Morgan Stanley swapped the two numbers when entering the numbers into their system.]

Background details

A former Compaq/HP employee received a corrected 1099-B -- dated 3/14/18 from Morgan Stanley -- and determined that the number of shares and cost basis for their HPE stock were incorrect. They called Morgan Stanley and were told that MS is issuing a new corrected 1099-B for HPE to "you and 6,000 other HPE shareholders.". 1-866-722-7310

Morgan Stanley links:

A team of HP Alumni volunteers has developed a set of information, links, and spreadsheets to help you find all your Employee Stock, protect it, document it -- and not pay double tax on it.

--cg, moderator
HPAlumni: Operated by volunteers. Not endorsed or supported by the company.

[Posted on the HPAA Benefits and Finance forums.  Join forums for future discussions: Benefits  Finance

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