Hi
Appreciate your help, please answer
1) I have ESPP stock purchased from employer for 15% , i see it as QSP in the fidelity tax form under supplemental information. Is QSP and ESPP same?
2) If they are same , i am not sure what to put the numbers in turbo tax from supplemental form or tax statement?
I have details in "1099 B short-term transaction for which basis reported to the IRS" under tax reporting statement and also under supplemental information. Which numbers to enter in the turbotax
Numbers in tax reporting:
1d proceeds 1e costbasis Gain/Loss
7999.97 6553.50 1446.77
4787.87 3932.10 856.77
Numbers in supplemental form:
proceeds. Ordinaryincome Adjusted cost or otherbasis(z) Adjusted Gain/Loss
7,999.77 1590 8,143.90 -1443
4,787.87 954.24 4,886.34 -98.47
Box 14 on w2 :
2544.64 ESPDD
What should i fill on Turbotax for Cost or other basis?
(This is for the the first transaction 7999.97 out of two listed above)
Sales section: ( I selected as short-term transaction for which basis reported to the IRS)
What type of investment did you sell? : (selected as ESPP)
Box 1d - Proceeds : 7,999.77 (pre populated)
Cost or other basis: ( should i select 6553.50(from supplemental) or 8,143.90 (from supplemental form)?
Thank you.
