ESPP tax question

Here is what I think is happening and let's see if it sounds accurate. The $17,100 with Code V on your W-2 is for the value of nonstatutory stock options that were added to your compensation. I'm guessing the $11,154.17 in net proceeds are what ETrade made available to you after the amount that was held to cover taxes. The almost $6,000 difference should show up on your W-2 as additional federal and state taxes withheld.

The short-term gain Etrade reports as 17,079 is because they have the proceeds as 17,079 with $0 as the basis. That is no problem because we can adjust the basis to $17,100 as reported on your W-2, after which instead of showing a $17,079 gain we'll be showing a small loss. This is not unusual and could be due to fees for conducting the transaction. To report this in TurboTax:

1. In the Federal > Income & Expenses > Investment Income section of your return, click Start/Revisit next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
2. Answer Yes and then select stocks. Import or enter your transactions manually. 
3. For the employer stock transactions, make sure to select Yes to Do these sales include any employee stock?
4. Enter the transactions as they appear on the 1099-B with the type of employer stock selected as the type of investment.
5. If the basis reported on the 1099-B is not correct, you will be able to adjust it to match the supplemental information provided under Adjust your cost basis to ensure your best outcome after you enter the stock sale. Enter $17,100 as the adjusted cost basis as reported on your W-2.