Hello,
I am trying to
a) understand the proper desktop edition of turbotax (Deluxe or Premier) that I need to handle my ESPP sale (loss)
b) understand if I should have received any other tax document (such as a 1099-B)
c) understand if my long term loss may qualify for reducing my 2023 taxes
Background:
In 2023 I sold some company stock I had purchased through the ESPP program. The stock was sold for about the same amount as my employee contribution, but an overall loss when considering the company's contribution. For example, let's say I deducted $10,000 from my paycheck for the stock's purchase, where the value of the stock purchased was about $11,500 market value cumulative at time of purchases (note: most purchases were made prior to 2023). When I sold the stock in 2023, it's sale value was about $10,000. The sales advice statement shows a short-term gain of $100 and a long term loss of $1,500 for an overall covered loss of $1,400.
For tax documents, I received only a 1099-DIV for the $100, but it is possible I missed something.
I have no other stock transactions during 2023.
