I received UPS Stock as part of my compensation. I sold some stock in 2018. I want to know where to enter the sale, cost basis, and $Gain/Loss in correctly in TurboTax.

For example, TurboTax asks me whether I bought the stock, received it as a gift. Neither seems correct.

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1 Best answer

Intuit Alumni

Jun 3, 2019 10:15:32 AM

The sale of Employer stock is entered a little differently than a sale of regular stock. Please follow these steps to enter the sale information.

Click on Wages & Income > Investment Income > Stocks, Mutual Funds, Bonds, Other
If you've started entering the stock sale, you will see the screen Here's the investment sales info we have so far.
Click the Delete icon (the trashcan).
Click Add More Sales link below the table. [It might say Add an Account.]
On the screen, Choose the type of investment you sold, mark the radio button next to Employee stock purchase (ESPP)
Continue through the screens, entering the requested information on the sale of your employer stock.

Intuit Alumni

Jun 3, 2019 10:15:32 AM

The sale of Employer stock is entered a little differently than a sale of regular stock. Please follow these steps to enter the sale information.

Click on Wages & Income > Investment Income > Stocks, Mutual Funds, Bonds, Other
If you've started entering the stock sale, you will see the screen Here's the investment sales info we have so far.
Click the Delete icon (the trashcan).
Click Add More Sales link below the table. [It might say Add an Account.]
On the screen, Choose the type of investment you sold, mark the radio button next to Employee stock purchase (ESPP)
Continue through the screens, entering the requested information on the sale of your employer stock.