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ESPP: Adjusted Cost Basis does not reduce the tax due
Hi,
I have added a ESPP sale by adding details from Form 1099. This results in a small gain and hence increase in small increase in tax due. On the next screen, I check "Adjusted Cost Basis" and enter a new value that results in a loss. However, the tax due remains the same.
Any help to understand what is going is appreciated!
Thanks!
Topics:
‎April 5, 2025
5:42 PM