Hi - I am still confused on the ESPP cost basis.
Here is an example:
I acquired 278 shares at $11.93 per share. This was an acquired cost of $3317
I then sold the shares 2 years later at $22.97 for a proceed of $6386
My employer reported income gain of $585 on my W2
In turbo tax (box 1e) do I enter my cost basis as $3317 (what I actually paid) or $3906 (adjusted cost basis)?
ie Do I enter the higher number as the compensation gain was already included in my W2?
Thanks
