I bought Turbotax Premier, and I thought everything was going to be straightforward until I got to the Stocks section.
I have an employee stock purchase plan with about $5,000 of gains. When I added my numbers into Turbotax, it had me go through an Adjusted Cost Basis process as my broker only included the cost basis and proceeds. When I finished, my ESPP was no longer a $5,000 gain but a $300 loss. I'm so confused.
Wouldn't the ESPP gains be additional income? Or is it because it is reported in my W2? I do have a line item on box 14 which says ESPP with a number slightly higher than $5,000. I'm just not sure how my employer would have gotten the sales transaction from the broker to add to my w2.
Thanks for any help
