ESPP transfer form 3922, sold at a different broker

I bought ESPP with Computershare, then transferred those shares to TD Ameritrade and sold them.

TD Ameritrade shows a huge gain because the cost basis was not transferred.

All I got from Computershare is a 3922, but there is no clear way to enter that in TurboTax to reflect the cost basis.

Is there an easy way to import a 3922 into TurboTax? if not, why not, and how do I enter the cost basis so I don't pay capital gains on the entire sale amount since there is no cost listed at TD Ameritrade?

664

Expert Alumni

Feb 5, 2020 12:14:48 PM

You cannot import a Form 3922 into TurboTax. TurboTax has interview for the sale of ESPP stock. Do not import you Form 1099-B with the sale of the ESPP stock. Instead, enter it yourself. To do so in TurboTax, (if using Online be sure you are logged in to your return):

Click on Search
Type “1099-B“ in the Search Window and hit Enter
Click on Jump to 1099-B
Click on + Add More Sales
Answer Yes to: "Did you get a 1099-B or a brokerage statement for these sales?"
Click on "I'll type it in myself"
Enter your Brokerage name
Answer Yes to "Do these sales include any employee stock?"
Click the box to indicate the number of sales.
Click Continue on screen with "We strongly recommend entering your sales from Charles Schwab one at a time"
Continue on the screen with "Now we'll walk you through entering the info on your Charles Schwab 1099-B" and enter the details of your stock sales.

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ESPP transfer form 3922, sold at a different broker