Hello,
I need to report sale of a qualifying disposition (long-term) ESPP shares, and I am not sure how to enter the cost basis. First, I imported all of my investment activity from Etrade which correctly entered the information for this particular sale as long-term, including the correct sale proceeds and cost basis.
However, what I do not know is if I need to enter the "adjusted cost basis". I know I have to do this for disqualifying disposition (short-term) sales, but do I need to do the same for long-term sales?
Etrade did provide me a supplemental form which has the cost basis (matches to what TT imported) AND an adjusted cost basis.
The gain for this sale is not reported on my W2 like the disqualifying dispositions are. Can someone help me report this correctly in TT?
Thanks in advance!
