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After entering the data from ESPP Form 3299, TurboTax combines the Cost basis and compensation income to drive cost basis. This did not happen on 2021 version
ESPP form: Why does Premier adds the cost basis of ESPP to the compensation income to derive a total cost. That is not what happened in Windows version of Premier in 2021. I had a profit, not a loss.
Example:
Sold 165 ESPP shares. My purchase price was 6165.39 and my gain at purchase is 4290.66 which I am paying regular taxes on. Premier adds the cost basis and the gain to derive a total cost of 10456. That does not make sense. I bought it for 6165 and sold it for over 7K. I have profit, not loss of 3K as Premier on Mac Calculates. Not an issue on Windows Premier 2021 version
Example:
Sold 165 ESPP shares. My purchase price was 6165.39 and my gain at purchase is 4290.66 which I am paying regular taxes on. Premier adds the cost basis and the gain to derive a total cost of 10456. That does not make sense. I bought it for 6165 and sold it for over 7K. I have profit, not loss of 3K as Premier on Mac Calculates. Not an issue on Windows Premier 2021 version
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‎February 21, 2023
6:27 AM