MarilynG1
Expert Alumni

Investors & landlords

Yes, enter your W-2 exactly as shown.  Don't enter anything for Box 14 in TurboTax.  This is just a note to you from your employer that tells you the amount of 'discount income' that is  included in your Box 1 Wages.  You don't need to make adjustments. 

 

When you go to enter your 1099-B, you will need to indicate that you need to 'adjust the Cost Basis'.  The broker may not know what you paid for the stock (as an employee) so the amount shown on the 1099-B may be $0 (or an incorrect amount). See the screenshot below. 

 

You should have received one Form 3922 for every year you made an ESPP purchase from your company. If you didn't receive Form 3922, you may be able to get the purchase info from your plan administrator.

 

This form tells your Cost Basis (what you paid for the stock) to put in your 1099-B entry as the Adjusted Cost Basis to report your Gain/Loss correctly.

 

Click this link for more info on Employee Stock Purchase Plans

 

This link has info on  How to Enter 1099-B.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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