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mayanksaraf-vt
New Member

Ordinary income from ESPP sale is not reported on W-2

My employer didn't report the Ordinary Income from ESPP sale on W2. Can someone please tell me how can I add it to my income using TurboTax.
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Accepted Solutions
TomYoung
Level 13

Ordinary income from ESPP sale is not reported on W-2

You can delete the sale and report it using the "ESPP" step by step interview.  When you answer "No" to the question on the ""Your Employer Stock Plan Results" TurboTax will add the compensation it's calculated on line 7 of Form 1040.

Another way is:

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

Tom Young


View solution in original post

2 Replies
TomYoung
Level 13

Ordinary income from ESPP sale is not reported on W-2

You can delete the sale and report it using the "ESPP" step by step interview.  When you answer "No" to the question on the ""Your Employer Stock Plan Results" TurboTax will add the compensation it's calculated on line 7 of Form 1040.

Another way is:

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

Tom Young


View solution in original post

wesher
New Member

Ordinary income from ESPP sale is not reported on W-2

Go to the ESP Comp WKS. Uncheck the "yes" box and check the "no" box. The amount will then be transferred to line 7 1040
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