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My 1099-DIV transaction list has few entries marked as QSP (Qualified ESPP Shares). Should I mark those particular share sales as ESPP while entering in TurboTax?

 
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1 Reply
SabrinaD2
Expert Alumni

My 1099-DIV transaction list has few entries marked as QSP (Qualified ESPP Shares). Should I mark those particular share sales as ESPP while entering in TurboTax?

Yes, you should generally mark those QSP (Qualified ESPP Shares) as ESPP (Employee Stock Purchase Plan) when entering them in TurboTax. QSP shares are essentially a type of ESPP that meets specific qualifications under Section 423 of the Internal Revenue Code

 

When entering these transactions, select the ESPP option to ensure proper tax treatment and reporting

 

If you need more details on how to handle ESPP shares in TurboTax, you can check out TurboTax's guide on ESPP

 

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