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Level 2

Question

ESPP Sale

Forum|Forum|4 years ago
March 9, 2022
1 reply
8 views

We sold ESPP stock. Turbo Tax is asking for the date acquired. My 1099-B says various. Turbo Tax will not accept various. It is asking for a date. We bought this stock over a few years at a 15% discount. Thanks

Level 15

You are able to enter "various". Under the When did you receive this investment?, select the second option, Something other than a date.

Also, since the gain on that stock sale was included as income on your W-2, to avoid double taxation:

You will need to change the stock basis on the date of the sale, to the price on the date of sale.
The result is zero gain or a minor loss due to brokers commission/fees.
The IRS will expect to see that information on your tax return.

To enter your 1099-B form, see Where do I enter a 1099-B?

For additional information, see the TurboTax article: Non-Qualified Stock Options.

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