SKKZ
Returning Member

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!