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posted Apr 12, 2025 1:18:30 PM

imported 1099-B with ESPP

I imported a 1099-B with regular equities as well as ESPP.

I saw where you are recommending adding the ESPP sales one at a time, in my case that will be about 80 entries due to differing purchase price. Since the import already has date acquired, date sold,  proceeds and basis, why can't i just change the type to ESPP instead of re-adding a lot of data which is already present? This is what computers are for.

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1 Replies
Expert Alumni
Apr 15, 2025 7:16:11 PM

You can leave the import as it is stated if you want. The problem is the cost basis is usually wrong on the Form 1099-B when ESPP shares are involved, as it usually doesn't consider the income from the discount reported on the W-2 form. So, you may need to adjust the cost basis or you will overstate your capital gain income.