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Level 1
posted Feb 22, 2023 5:40:17 PM

ESPP discount rate entry

Hi there,

 

While inputing my ESPP transaction, I am prompted to enter the "Discount percentage (i.e. 15% maximum)".

As you may know, it takes the 15% off of either beginning or the end of the period, which means that the actual discount value compared to the end of the period may be larger than 15%.

 

In the above case, do I input the actual discount value (my company provides this value), or just 15% fixed?

0 1 105
1 Replies
Expert Alumni
Feb 22, 2023 8:17:34 PM

In the example I tried, TurboTax allowed me to use the discount percent entered even though it was more than 15%, so I'm not sure why it is stated to limit it to 15%. However, it is best to follow the instructions in the program since if you don't it can void the TurboTax accuracy guarantee.