MarilynG1
Expert Alumni

Get your taxes done using TurboTax

No, you don't need to enter the W-2 with only Box 14 info regarding your ESPP.  Keep it for your records. 

 

You are correct that this is your employee discount on the stock price, which is considered ordinary income and was added to your W-2 Box 1 wages on a prior W-2. The Box 14 is info that the employer is sending you for your information. 

 

However, if you sold your ESPP stock and received a 1099-B for the sale, you should correct your Cost Basis when entering your 1099-B to reflect the amount shown in Box 14 of your W-2.

 

Your 1099-B may show $0 as a Cost Basis, since the broker didn't know your Cost Basis as an employee, or it may show an incorrect amount.

 

Click this link for detailed info on Changing Cost Basis for ESPP Stock Sale

 

 

 

 

 

 

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