Um, I'm not sure if simply entering the amount that was on your W2 as a negative adjustment is the correct way to do it. What needs to happen is to have a proper cost basis - not "$0" as TT has been giving us, but a positive number. Normally the only gain you have from an ESPP sale is whatever capital gain or loss occured after the shares were in your account (i.e. if you got $15k in ESPP money, and when you sold them they were worth $15,100 then you pay capital gains on that $100 bucks). And that's it. The rest SHOULD be in your W2, but it's not as simple as pulling that number out of your W2. TT is supposed to calculate that based on the numbers on your 1099-B and your form 3922. I'm not a CPA, I can't tell you what the algorithm is for doing that (full disclosure, I have a Master's degree in Finance, I am a corporate finance manager for a very large company that is a household name. But I'm not a CPA! 🙂 )
