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Investors & landlords
In my case, what you describe is exactly the result I was looking for - we should NOT have paid any additional taxes when entering ESPP sales.
The reason why is the profit was already calculated by the broker who handles stock for company employees and that profit was added to my spouse's income (therefore already reported for tax purposes). TurboTax was never clear on how to properly handle this situation but as updates were published, I would retry the calculation until I saw the desired outcome. It was on that outcome that I filed our taxes.
TurboTax definitely needs to address this for TY 2021 if they want to keep my business.
May 22, 2021
6:32 PM