turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

BaconPancakes88
Returning Member

ESPP Sales Causing Federal Refund Amount to Change on Load

Greetings!

I'm writing to report some inconsistencies I am seeing with the Federal Refund amount. It looks like this has to do with ESPP stock sales and both qualifying and disqualifying disposition types.

 

On my W2, Box 14 I have:
$XXXX.XX ESPP DD
$YYYY.YY ESPP QD

 

This income is NOT included in my box 1 wages.

 

After freshly entering all my ESPP sales (as well as all my other info), my federal return shows as $774.

 

When I save and re-open my return (Turbotax 2023 version 023.000.0428), my Federal Refund drops to $136.

 

Now, if I just run through and simply confirm all the various screens and prompts for each my 4 ESPP sales, allowing TurboTax to walk me through adjusting my cost basis, my Federal refund amount jumps after reviewing each lot, taking my Federal Refund all they way up to $1,548. The question at the end of the section confirming my dispositions and W2 income inclusion now no longer includes my ESPP DD, only my RSUs.

 

If I delete all my ESPP sales and re-enter them, my refund changes to that original $774 amount and the question at the end of the section confirming my disposition now includes my ESPP sales and the amount exactly matches my ESPP DD.

 

I'm not sure what is happening but I honestly don't know which number to trust as I can get 3 different amounts depending on what actions I take by loading a saved return vs. reviewing the ESPP sales vs. deleting + freshly entering my ESPP sales.

 

I'm thinking the $768 is actually the correct number since it looks to properly account for the ESPP DD and count that towards my ordinary income, but this feels buggy and frankly quite concerning.

 

Anybody else experiencing this?

Connect with an expert
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.

2 Replies
CatinaT1
Employee Tax Expert

ESPP Sales Causing Federal Refund Amount to Change on Load

Many things have been corrected in the latest updates to TurboTax. Are you still experiencing this problem?

 

Make sure you have ran all updates. 

 

If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.

If using TurboTax Desktop: Please see this FAQ.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
BaconPancakes88
Returning Member

ESPP Sales Causing Federal Refund Amount to Change on Load

I've updated to the very latest version as of this evening and the bug where simply reviewing and clicking through the existing ESPP sales and having it increase my refund amount (seems to make the total disappear from my total disposition amount) still exists.

 

After some manual calculations it seems my refund amount is closer to the lower number I mentioned but my manual calculations still show a difference of ~$300 more.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies