If you sold stock that you acquired through an ESPP with a previous employer, your W-2 from your current employer would not have any information on your sale of those shares. You need to report the ordinary income portion of the sale on your tax return.
This, is obviously a qualifying disposition (sale) because more than two years have passed between the offering date and the sale date, and over one year between the date of purchase and the date of sale.
You need to report ordinary income in the amount that is the lesser of:
- Your gross sales price minus the actual discounted price you paid for the shares, or
- The per-share company discount (15%) times the number of shares.
For your capital gain:
- The sales proceeds is reported on your 1099-B
- The cost basis is the actual price paid per share times the number of shares, plus the amount the amount calculated above that you're reporting as compensation income on your Form 1040.
If you have Form 3922 you should have all the information to calculate/report your sale, the ordinary income, and the capital gain. If you use the TurboTax Employer Stock interview for ESPP shares, I recommend you enter/report each purchase block separately (i.e. don't mix cost basis shares together). The program will calculate the gain and the ordinary income and report them on your tax return.
For more information see the TurboTax Help Article: Employee Stock Purchase Plans
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