Investors & landlords

First of all, if your employer issued you a 3922 this year for purchasing employee stock and if you did not sell the stock, ignore the 3922 because it is for informational purposes. If you sold the stock for the year, you would need the 3922 to supply missing information if the 1099 B doesn't have it or list it incorrectly. information such as cost basis and the date you acquired the stock is on this form. If it is missing from the 1099 B or the 1099 B basis information or date acquired is incorrect, then you would use the information that is recorded on the form as the correct information.

First of all, you would receive a 1099B for the sale of the stock.  Here are the steps for reporting the sale of employee stock.

1. In TurboTax, search for 1099-b and select the link.
2. Answer Yes on the Did you sell any of these investments in 2023? screen.
3. Select Continue on the Get ready to be impressed screen.
4. Either import your info from your bank or institution or select Enter a different way on the Let's import your tax info screen if you don't want to upload.
   • If you chose not to upload, select Stocks, Bonds, Mutual Funds on the OK, let's start with one investment type screen and select Continue. Be sure to select Employee Stock purchase plan (ESPP)
5. On the Tell us about your 1099-B sales screen, answer the questions, and answer Yes under Do these sales include any employee stock?
6. Select Continue.
7. Add your details from your 1099-B and select Continue.