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JS1010
New Member

Extremely confused with ESPP. Gone through TT Full Service and can't understand how share sale to cover cost is being processed.

When my ESPP vested, a proportion of the shares were automatically sold for taxes. I haven't sold the remainder. And the sale proceeds went directly to IRS - don't think these figures are included in my W2 federal tax paid or anywhere else on my W2, nor is the income - should they be?

 

It looks like the sale is being included in my total income when an advisor has processed 1099 but I feel like I am being double taxed as my return is including the sale as income + my W2 income but isn't recognising that I have paid a signficant amount of tax when these shares were sold.

 

Please help - I am new to US taxes so struggling

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