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BUG: ESPP Income - Cost basis computation
This error is related to the known "Selling price per share" issue in TurboTax 2020.
Even after the Feb. 4th update, TT will still not properly compute cost basis on ESPP income. I compared a virtually identical transaction in my 2019 TT, to the same one (just slightly different amount) in 2020.
Here are screen shots from TT:
2020:
2019, same kid of transaction:
As you can see, in 2020, it's just computing a cost basis of Zero. That is a mistake. Each of those transactions were entered the same way, using information from my 1099-B (which was imported) and my 3922.
Is this still a known issue the developers are working on?
‎February 4, 2021
11:40 AM