topic ESPP Compensation income without W2 in Get your taxes done using TurboTax

ESPP Compensation income without W2

Anonymous — Mon, 09 Mar 2026 05:38:47 GMT

I have compensation income from selling stock that I purchased as an employee in an ESPP. I am retired and don't have a W2 form.

TurboTax computes the compensation income amounts, but I don't see them entered anywhere in the income sections. Should I enter the compensation income manually? If so, where?

Re: ESPP Compensation income without W2

ThomasM125 — Sat, 19 Feb 2022 01:43:29 GMT

The compensation portion of the gain should show in line 1 on your form 1040 if TurboTax calculated it automatically. If not, you can enter it as Other Adjustment to Income as follows:

- Go to the Wages and Income section of TurboTax

- Choose Less Common Income

- Choose Miscellaneous Income, 1099-A, 1099-C

- Choose Other reportable Income

- Enter a description and the amount of your compensation from your ESPP sock sale

You can view your form 1040 while working in the online version of TurboTax by following these steps:

While working on your return in the Federal section of TurboTax:

1. Choose the Tax Tools icon on your left menu bar

2. Tools

3. View Tax Summary

4. Choose the Preview my 1040 on your left menu bar

Re: ESPP Compensation income without W2

Anonymous — Sun, 06 Mar 2022 23:52:27 GMT

Thanks, the compensation income portion does show up on 1040 line 1 as you said.

Now, for state filing purposes.....

ESPP Stock was acquired in Minnesota in 2015 and sold in 2021 in Utah where I now reside. Do I file 2021 Minnesota taxes for the compensation income, or do I keep them as part of my Utah taxable income?

Re: ESPP Compensation income without W2

DaveF1006 — Tue, 08 Mar 2022 00:04:19 GMT

It depends. If you resided in Utah for the full year in 2021, you will declare this as Utah income for the full year.

@Anonymous