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Sold ESPP immdiately and it got reported in my W2 Box 14 and also reported in brokerage account.

Sold ESPP immediately and it got reported in my W2 Box 14 and also reported in brokerage account.

If i import W2 and also brokerage 1099 - will i get double taxed.

How do i prevent this in turbo tax while filing online

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1 Reply
MaryK4
Expert Alumni

Sold ESPP immdiately and it got reported in my W2 Box 14 and also reported in brokerage account.

No, the information from Box 14 of your W2 should match the amount for cost (basis) on your 1099-B.  The W2 Box 14 amount is already included in your Box 1 so it will reduce the amount of tax you pay for the sale of the stock.  

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