topic 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? in Investors & landlords

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?

kkundi — Sat, 01 Jun 2019 18:14:56 GMT

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?

You will have to enter them in multiple transactions, acc...

DDollar — Sat, 01 Jun 2019 18:14:58 GMT

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

More specifically, you need to report your one sale as tw...

TomYoung — Sat, 01 Jun 2019 18:14:58 GMT

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