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Get your taxes done using TurboTax
Yes, TurboTax will guide you through entering all aspects of your sale of ESPP stock. In addition to the long term capital gain, it will calculate the compensation that needs to be reported, and add it to line 7 of your W-2. Your company would not have reported any compensation on your W-2 when you acquired the shares. Compensation is only realized (and reported) when you sell the shares.
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March 27, 2022
1:24 PM