Because of an error in a TurboTax calculation, you have reported the cost basis of your Employee Stock Purchase Plan sales incorrectly, resulting in a possible overpayment of your federal tax and, if applicable, your state tax.
We fixed the issue in TurboTax, and we want to make sure your federal and state tax returns are complete and accurate. We recommend that you check and, if necessary, amend your tax returns to determine if any additional refund is due. There are no additional fees for checking your TurboTax return or for preparing an amendment.
We continuously strive to provide correct and accurate calculations in our TurboTax products. Sometimes that effort results in our finding errors after returns have been filed. We sincerely apologize for any inconvenience this may cause you. If you need our help, we’ve provided contact information at the bottom of this letter.
To amend your return in TurboTax, follow the step-by-step instructions here:
We’re here to help if you have questions or need assistance. You can call us at (866) 278-9691 to reach a tax expert who is prepared to assist you with this issue. Tell the expert you’re calling about: 2020 ESPP Adjustment.