Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 3, 2021 1:12:29 PM

I mistakenly unchecked box espp gain include in w2 and my tax got shoot up . How to check that back

When I run ESPP questionnaire my tax goes down but shoots p again when I re-login

0 1 262
1 Replies
Expert Alumni
Mar 3, 2021 1:38:47 PM

Be sure that you are reconciling what is reported on Form 1099-B, Form 3922, and Form W-2 regarding any sales of ESPP.

 

Report what was received on Form 1099-B using the information on Form 3922 and your Form W-2, as well to correctly report the basis you have in the stock. 

 

For more information, see: How do I enter Employee Stock Purchase Plan (ESPP) sales in TurboTax? 

 

Otherwise, if only purchases were made of ESPP, and there were no sales of ESPP, delete this W-2 and re-add it so that the W-2 details are not affected by the ESPP question.

  • To return to this area of the return, from within TurboTax in the search box, enter W2 and select the Jump to link in the search results. 
  • At the Your W-2 info so far page, scroll to the W-2 and click the Trash Can icon to delete it and answer Yes.
  • Click Add a W-2 to add W-2 again.