I found this thread extremely helpful, esp. for handling of RSU’s. I have an ESPP question peripherally related to the thread.
At my company, ordinary income from RSU’s is reported on my W-2 in the year of acquisition/vesting. Ordinary income from ESPP’s is reported on my W-2 in the year of the stock sale. My question relates to ESPP.
This year, I sold some long-held ESPP stock (14 sales). For the first six, I had Form 3922’s. The data entry and proper separation of ordinary income (roughly matched my W2) and cap gains (roughly 15%) appeared accurate. Also, the TT tax counter properly reduced the tax on each sale following calculation of the adjusted basis (by eliminating ordinary income based upon 3922 info) from the previously entered 1099 reported basis. All is good.
For the remaining eight sales, I did not have 3922’s, so I shifted from the 3922 dialogue to the “I have all my info” option. My 1099 Supplemental Information pages contained adjusted basis and other needed information for these sales.
Results were all over the board. The tax counter percentage had no consistency (14% to 367%) and took tax on some sales that were losses. Also, there was no tax recalculation (reduction) following entry of the adjusted basis.
The TT dialog is very straight-forward and I don’t think I made errors in data entry, but this screen must be widely used, so somehow the error must be mine.
