Thank you for your response.
Unfortunately, my company does not list out the ordinary income component on my W-2 form. The only way I can figure it out is by going through the TT questions, and entering the corresponding data on the 3922 forms for the ESPP stock. I did go through the ESPP stock transactions (entering each transaction one by one) and have written down the "adjusted cost basis" computed by TT.
Can I use this "computed" cost basis if I enter the ESPP stocks as one entry? I assume I would then enter all 3 sections as a "sales total" if I did this. If I go this route, I assume I would delete this 1099B entry, and then restart it again and choose "enter Sales Totals", to enter all 3 sections. And If I do this, I would need to mail my 1099B to the IRS? (There is no way to upload it to TurboTax if I efile?)
The ESPP stock transactions are in one section (long term, cost basis is reported to IRS). The other 2 sections are codes B and E (cost basis not reported to IRS).
Alternatively, can I enter the stock transactions in the other sections (which are codes B and E) using the "one by one" method, but instead of entering all 250 transactions individually, can I do the following:
If several transactions have the same "sale date", but different "purchase dates", can I enter all of those transactions as one transaction and list the purchase date as "Various" instead? Note that my 1099B does not list the date as "Various", but shows the actual date. I would have to total the # of shares, as well as the cost basis and proceeds of this group of transactions, but I would list it as a single transaction instead.
This would save me some time. Can I do it this way? Also, would I still need to mail in the 1099-B if I list the transactions in this way?
Thank you!
