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kkundi
New Member

I'm entering 3922 info for ESPP stocks sale, which were purchased over several years with different discount rates offered by employer. How do I enter such info?

I sold ESPP stocks purchased from 2004 to 2011. I am entering the 3922 information. TurboTax asked for discount rate at the beginning of step by step process before I enter individual lot details. During the first couple of years the company offered 15% discount and then reduced it to 5%. How do I enter this kind of information in Turbo Tax?
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2 Replies
DDollar
Expert Alumni

I'm entering 3922 info for ESPP stocks sale, which were purchased over several years with different discount rates offered by employer. How do I enter such info?

You will have to enter them in multiple transactions, according to the discount rate. 

I'm entering 3922 info for ESPP stocks sale, which were purchased over several years with different discount rates offered by employer. How do I enter such info?

More specifically, you need to report your one sale as two different sales, one for the 15% discount period and another for the 5% discount period.  Naturally the "proceeds" for each sale is allocated by the number of shares sold in each sale and totals the amount of proceeds reported on the 1099-B. 

Breaking the one sale into two sales will then allow you to report the discount correctly for each group of stocks.

Tom Young

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