I adjusted the cost basis of my ESPP sales by adding my compensation income (W2 box 1). Now my 1099-B shows a large loss and tax deduction. How can I correct this? in Get your taxes done using TurboTax
the gain calculation for ESPP does not take into account the adjustment to cost basis. With adjustment it should show gain=0 but shows the same value as cost basis. in Get your taxes done using TurboTax
I have sold ESPP shares and TT calculated compensation income correctly but is not putting it on Sched 1 because it thinks it is on my W-2 which it is not? please help in Get your taxes done using TurboTax