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Get your taxes done using TurboTax
To follow-up on the comments from @Mike9241, you mentioned that your income came from the sale of ESPP shares. The typical ESPP discount is 15% and that discount is generally considered a form of compensation. Thus, that may be why you are seeing some portion of your ESPP sales on line 1 of Form 1040. If you do have to report the discount as a form of compensation, report it as a form of compensation rather than as other income.
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March 1, 2022
2:28 PM