To properly report transactions related to Employee Stock Purchase Plan (ESPP) shares, you will need to manually enter them.
The ordinary income portion of your transaction is reported on your
W-2. You will have to enter the 1099-B to account for any capital gain
or loss as well as adjust to cost basis to reflect the amount reported
on your W-2. To enter your 1099-B, go to:
- Federal Taxes
- Wages & Income
- Investment Income
- Stocks, Mutual Funds, Bonds, Other
- Answer Yes you received a 1099-B
- Do not enter your broker-dealer name and download your 1099-B, instead,
- Click on "I'll type it in myself"
- Enter your Broker and click Continue
- Indicate the type of trades you have on your 1099-B (A, B, D, E, X)
- Enter the details of your transactions as reported on your 1099-B THEN
-
Check the Box for "This sale involves an employee stock plan (including ESPP) or an uncommon situation". Additional information will appear. Click on Start Now
- Indicate "I have sales from an Employee Stock Plan, including ESPP, NQSO, ISO, RS, and RSU"
- Follow the instructions for the type of employee stock plan you
have. Additional information on these plans is available by clicking
the blue Learn More link
