Yes, TurboTax will enter the other income on line 8. You will not need to manually enter the other income appearing on line 8 of Form 1040. Follow the steps in the previous post to enter the line 8 other income. For the ESPP transactions, follow these steps:
- go to Wages & Income under Federal Taxes.
- At the page "How do you want to enter your income?" select "I'll choose what to work on."
- Scroll down to Investment Income, and select Stocks, Mutual Funds, Bonds.
- Answer the questions accordingly.
- You will get to a page Was this a sale of employee stock? Select Yes.
- You will then see the page What type of employee stock is this? You will see the option to select ESPP.
- Continue through the section responding to the questions as they appear.
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