i sold ESPP stock that was purchased with a 15% discount. After entering the sales I don't see any amount shown as ordinary income for the discount. I am retired so would not receive a W-2.

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TomYoung

Alumni - Champ

Did you use the ESPP guided interview? Properly done that interview should calculate the compensation on sales of this stock. If you noticed that TT was creating a "compensation" element as part of the basis for the sales then I'd tell you to go back into the "Stocks, Mutual Funds, Bonds, Other" interview and complete the interview. If you stopped this interview when you simply entered your last sale, then you didn't go to the bitter end. At the very last page of the interview the program should present to you the total amount of compensation it's calculated and ask you if that's the amount on your W-2. If you answer "No" here TurboTax will make the proper adjustment.

wiksterAuthor

Level 2

I did all that but it still does not show as regular income.

TomYoung

Alumni - Champ

Well, that's odd. I just did a test sale and it worked perfectly. You got to the "Your Employee Stock Plan Results" page, saw an amount that TurboTax computed, saw the question "Is it on W-2?" and answered "No"?

You didn't explicitly answer my question as to whether you used the ESPP guided interview for your sales? Did you?

Where did you look on your income tax return to see if the compensation was included there?