turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ESPP - 1099 does not include discount

Hi, my 1099 for ESPP does not include the discount (my employer calls it company match). So let's say I paid $100 and my employer gave me $115 worth stocks, my 1099 shows the cost basis as $115.  So I think I dont need to adjust cost basis. 

 

TT asks if this is ESPP and then shows me the questionnaire to put adjusted cost basis. Should I just ignore that? Will TT cause problems during review? How do I handle this?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Employee Tax Expert

ESPP - 1099 does not include discount

1. Correct. Sometimes an employer does give the brokerage the right information. You can add any expenses to purchase or sell to your basis.

2. Yes, you can leave the adjust box blank.

3. You should not have a problem. If so, try a zero instead of blank. The program has preferences in different areas.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question