Thank you, @GeorgeM777 and @ThomasM125, for the detailed explanation.
@GeorgeM777 :
FYI - On my W-2, Box 14 "Other" has entries for both MAPFML (i.e. FMLA) and ESPPD. Taking yours and @ThomasM125 sound advice, I have entered the 1099-B information and then adjusted the cost basis in a subsequent screen "Select any less common adjustments that apply", I selected "The cost basis on my statement is incorrect" > entered, as you suggested, the market price on the date of shares were purchased --box 4 on Form 3922--multiplied by the number of shares purchased.
Net-net, if I have a gain then total gain to report/calculated is equal to the 15% discount I received from my company as part of the ESPP and it is that simple. Not sure why it is complicated with the 1099-B and Form 3922.
The odd thing is that the 1099-B Box 1d has an amount that does not match with the price on either Grant/Exercise date multiplied by the number of shares purchased. Box 1e on 1099-B matches Form 3922 Box 5 multiplied by the # of shares. Will reach out to the brokerage firm so I understand this better for next time 🙂 If you have some info on this, please do share.
Greatly appreciate your help. Thank you!!
