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New Member
posted Mar 8, 2020 9:58:26 PM

I have stock sales from an ESPP. TurboTax calculated disposition as $574.31, but my W-2 shows $758.25. Can you help me understand the reason for the discrepancy?

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1 Replies
Expert Alumni
Mar 9, 2020 6:48:42 AM

When you sell stock you acquired through an Employee Stock Purchase Plan (ESPP), the net proceeds will generally show up in two different places on your tax return

 

The portion of the net proceeds equal to the discount you received when you bought the stock is reported as ordinary income on your W-2, and the remainder of the net proceeds is a capital gain reported on Schedule D.  That could explain the two different amounts your see.

 

See this TurboTax Help article for more information.