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ESPP Sales with stock splits

I am looking at my 1099-B as well as 3922. When I go step by step through turbotax to adjust the cost basis for the 15%, it does align with what was reported as income on my W-2. However, because of the stock splits since acquiring the shares, the Employee Stock Transaction Worksheet gives me an error because of the # of shares I sold vs. the # of shares purchased originally (pre-split). How do I go about amending this?

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1 Reply
PatriciaV
Expert Alumni

ESPP Sales with stock splits

Because a stock split restates the historical basis of the original shares, you will need to adjust the price per share based on the split ratio and report the same number of shares purchased as sold. You don't need to enter every detail of the transaction, as long as your summary entries are accurate.

 

Please see this excellent discussion by Tom YoungHow to enter ESPP Stock Sale with Multiple Lots and Splits. Be sure to read the original poster's info as well.

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