Hello Helen,
Thank you for for taking timeout to answer on my request.
My situation comes into Category 4 [Longterm ESPP sale, as i was holding everything for 1+ years after shares were allocated]
I was referring to URL below earlier to understand adjusted cost basis & what we need to report in ESPP sale.
https://turbotax.intuit.com/tax-tips/investments-and-taxes/empl[product key removed]ase-plans/L8NgMF...
My employer has already deducted/with held tax on discount [15%] offered & was shown in previous years (2016) W2 [Category - V on 12th section]
Current problem is with capturing adjusted cost basis information [SALE PRICE - MARKET Value] inplace of old cost basis [SALE PRICE-Discounted price paid per share] reported by stock broker. To avoid double taxation.....I had to reduce discounted price from cost basis reported by broker.
What ever data we have entered during stock sale section [1099-B] under INCOME category is not retained.
To avoid subjected snag error, once item is tagged for review in federal section.....i had to enter all the information again using "i will enter this on my own" button.
After multiple trials, i managed to find this way out and with this double data entry effort....i was able to by pass this snag error.
Not sure if this is a bug that has surfaced this year during federal review in Turbotax.
Thank you very much
Best Regards
Bhanu.
