ThomasM125
Expert Alumni

Get your taxes done using TurboTax

You would enter it as an employee stock purchase plan (ESPP). It would not be a non-qualified stock option (NQSO) since it is not an option, just a stock purchase plan. Since the correct cost basis is reported on your 1099-B form, you don't need to check the option you will see to correct the cost basis on the screen where you enter the sales proceeds and cost basis.

 

You will need to enter the sales manually to reflect the correct short and long term gain status, as that will affect how the gains are taxed.

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