ThomasM125
Expert Alumni

Investors & landlords

You report the sale as employee stock purchase plan (ESPP) as follows:

 

1. Find the "Income and Expenses" menu option in your TurboTax program

2. Find "Investment Income" in the list of categories

3. Click on "Stocks, Mutual Funds, Bonds and Other"

4. Work through the program to find "Choose the type of Investment you Sold"

5. Choose the "Employee Stock Purchase Plan" option in the list of investments

6. Enter the information requested about your sale (date sold, sale amount, cost basis, etc...)

 

If you purchased the stock at a discount, the program will ask you questions to determine the correct treatment of your sales.

 

As far as the cost basis is concerned, the company may be able to provide you with a transcript you can use to determine the cost basis. Otherwise, you will need to create a schedule as best as is possible by looking up the cost of the stock online and factoring in how many share were acquired by period.

 

 

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