bh65
New Member

Investors & landlords

Having issues following the process to report my ESPP sale.  Example numbers, lets assume the stock price was constant.   I sold stock at $5000.   My 1099-B thinks the cost basis was 4250.  But, $750 included in my total in Box 1 of my W-2.   I followed the process and adjusted the cost basis to include the $750 - i.e $5000.   Turbo tax lets me know that my gain is 0 dollars, good news the adjusted cost basis was incorporated.   However, there is still a stock gain of $750 showing as income.  And my W-2 amount of course was not adjusted.   So I am being double taxed.   My question - how do you get the adjusted cost basis to actually affect the final gain displayed and used to calculate my tax.