With the sale of ESPP stock you have 2 ways of entering the sale:
- You enter all the information on the "Tell us about your [Broker Name] 1099-B" page, entering the 1099-B exactly as it reads, wrong basis and all, and then click the "I'll enter additional information on my own" button and on the next page enter the correct basis.
- You enter all the information on the "Tell us about your [Broker Name] 1099-B" page, entering the 1099-B exactly as it reads, wrong basis and all, and then click the "Guide me step-by-step" button, telling TurboTax that you're entering the sale of stock received via an ESPP, and completing the interview.
Either method, properly done, should result in a correctly entered sale. The first method puts a "B" in column (f) of the Form 8949 while the second method puts an "O" in column (f).
- You received a Form 1099-B (or substitute statement) and the basis shown in box 1e is incorrect...
- If this transaction is reported on a Part I with box A checked at the top or if this transaction is reported on a Part II with box D checked at the top, enter the basis shown on Form 1099-B (or substitute statement) in column (e), even though that basis is incorrect. Correct the error by entering an adjustment in column (g)
