Hello all,
In my original 2023 return, I forgot to 'adjust' my cost basis for my ESPP sales which resulted in over $2,000 over double-taxation since the 15% discount was included as icome for most of the ESPP shares I sold.
Anyway:
1) When I started working on amending my 2023 return on the TT Premier Desktop, I also made some corrections in form 8949 in the 'Description' for some of the other non-work stocks I sold. They were initially imported with long characters from the 1099-B.
For example, originally, I had one of the imported entries as:
5 shares of VANGUARD INTL EQUITY IND FD FTSE
I replaced it with:
5 shares of VEU VANGUARD ETF
No other changes in prices, dates or anything, just to simplify the description. Do I need to mention this in the 'explanation of changes' field on why I am amending? Do I just leave that part out?
2) Speaking of 'Explanation of changes' section, since the only major change is correcting the ESPP cost basis which also updates Sch D and forms 8949s, do I just say something like "Amending mt return to update the ESPP cost basis"?
Appreciate you all in advance!
