I recently sold over 60 small lots of stocks purchased through my former employer's ESPP and assumed turbotax would help me properly adjust each lot's basis for the purchase discount and maybe sum up the discounts to report as ordinary income. I imported the 1099B from Fidelity and selected that I had sales from an ESPP. Turbotax responded with "We'll need to review your 1099-B info. Check your investments section when you're done here and we'll walk you through." When I got to the investments section regarding the ESPP shares, it showed me all the imported lots, basis, dates, etc. and gave me the option to select all or a subset of the lots. I selected tried selecting all the lots, a subset of the lots and then just 1 lot and each time I only got the following screen.
I knew from researching the IRS website, that the lots needed to be reported on form 8949 with the basis corrected in column e, a 0 entered in column g and tell the IRS the reason in column f is 'B'. The above edit screen only gave me access to the basis and not these other columns, nor did it give me any advice. I spent hours searching on-line for how to accomplish this in turbotax, with no luck. I finally just switched to the forms view, figured out which editable worksheet fed form 8949 and edited each item and each column. That was quite a tax with 62 lots and the way the smart worksheet was displayed.
There has to be a better way. Did I do something wrong that ttax never gave me advice or the appropriate editable fields? When I was searching online for a solution, it showed prior year turbotax online programs that had the correct fields available to edit, but I couldn't find any way to get to them in this years' program.
