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Looking for advice related to ESPP sales of IBM after the Kyndryl spin off. The 1099-B makes no mention of the ordinary income from the purchase discount How Do I enter?
It appears to me that the covered shares have had the basis adjusted by approx 5% and I don't know if that was adjusted for the discount when purchased or if that is due to the kyndryl spin off. I don't know where Turbotax expects me to enter any "ordinary income" that is not mentioned what so ever on the 1099-B but is in the additional pages they include to show the proceeds and basis of each block I bought from each paycheck. I do not believe IBM counted the discount at the time I bought the shares as income , bought from 2004-2012. Appreciate any advice.
‎February 15, 2025
11:46 AM