Hi,
This is the previous path that I have used account for the discounted ESPP price when donating stock. It appears that the software was updated this year and the path looks different than what was published before. Can anyone help with updated steps for 2024 tax year? I couldn't figure it out since I don't have a 1099 for this.
PREVIOUS INSTRUCTIONS
How to Calculate ESPP Donation tax
-Pay tax on 15% discount
To report the compensation associated with the gift of stock by:
Starting the "Miscellaneous Income, 1099-A, 11099-C" interview.
Starting the "Other income not already reported on a Form W-2 or Form 1099" interview.
Answering "Yes" on the "Other Wages Received" page.
Entering $0 on the "Wages Earned as a Household Employee" page.
Entering $0 on the "Sick or Disability Pay" page.
Answering "Yes" on the "Any Other Earned Income" page.
Ticking "Other on the "Enter Source of Other Earned Income" page.
Entering a description and an amount on the "Any Other Earned Income" page.