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Level 1
posted Feb 11, 2025 12:51:23 PM

ESPP stock sale basis cost data input

I had employee stock purchase plan sales when the company was bought out last year. I imported the 1099-B and I have the form 3922 for the fair market value at the date of the shares being exercised. I can find no way to enter the data in desktop turbotax product.  none of the fields are enterable, the help screen talks about a adjustment code on column f and adjustment amount in column g in form 8949but none of these fields allow entry of data - and what adjustment code would I use??

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1 Replies
Expert Alumni
Feb 11, 2025 1:07:43 PM

You need to edit your investment sale entry and insure that for the type of investment sold you marked it ESPP stock. After the you enter the sale, you will see a screen that says Adjust your cost basis to ensure your best outcome. On that screen you can indicate that you want to enter your correct cost basis or that you need help finding it:

 

If you need help finding your cost basis, later in that section you will see a screen on which you can enter the information from Form 3922 and Form 8949 will be populated with the correct information to report your employee stock sales: