The bargain element reported as income on your W-2 is added to the Cost Basis of the ESPP shares (price when exercised), to report the sale from Form 1099-B.
Divide that amount by number of shares and add that to the Cost Basis per share when entering your 1099-B to report a sale of shares.. Check the box that says 'cost basis is missing or incorrect' and enter the correct Cost Basis on the next page.
You can enter this in TurboTax as a regular stock sale; you don't need to indicate Employee Stock.
Here's more detailed info on Employee Stock Purchase Plans.
@Snowy_Desert
@tax enthusiast 2024
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