ESPP Cost Basis Not Modified on Form 8949

Forum|Forum|5 years ago
February 16, 2021
5 replies
68 views

I have ESPP stock that has a cost basis reported on ETrade's 1099-B, but is incorrect. All of these sales are Short-Term covered (Box A selected on 1099-B).

I did the step-by-step in TurboTax expected Column g on Form 8949 to provide an Adjustment (as has been done in previous year), but no matter how I input the information in TurboTax, Column g remains blank.

TurboTax does ask if the total of what should be in Column g is reported on my W2, which it is.

Any help would be appreciated.

jnjmarshallAuthor

Level 2

I am not sure if I am supposed to just "hand edit" the 8949 form in TurboTax directly since it isn't been correctly calculated.

fanfare

Level 15

there is no way to edit or override form 8949.

You must go through the panels or the worksheets.

delete that transaction and enter it again.

jnjmarshallAuthor

Level 2

Thanks for the response, but that didn't help. TurboTax continues to ignore the ESPP adjustment in Form 8949. Should I just put the adjustment Cost Basis in TurboTax input of Box 1e (making it different than what ETrade reported on 1099-B)? That would make the Schedule D Cost Basis correct.