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How do you change the answer to the ESPP Interview question about whether the compensation was included in your W-2?

Forum|Forum|7 years ago
June 5, 2019
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Originally, I thought the compensation from my ESPP disposition was included in my W-2 but it was not. Is there a way to change the answer to this question without deleting the records and re-entering?

TurboTax Premier Windows

Best answer by TomYoung

IF you used the ESPP step by step interview THEN you did pass through a page titled "Your Employee Stock Plan Results" and that's where you indicated that the compensation was reported on your W-2.

You can get there again but you can't do so by simply trying to edit your original input and then stopping when you're done. In order to get back to that page you need to get to the very end of the "Stocks, Mutual Funds, Bonds, Other" interview, not simply stop when you've finished entering or editing 1099-B information.

So start the "Stocks, Mutual Funds, Bonds, Other" interview, select Edit next to the brokers name on the page "Here's the investment sales info we have so far", select the sale to Edit and work through that interview - no need to change anything - and keep going in the interview pressing the Done button repeatedly. That will take you back to the "Your Employee Stock Plan Results"page.

Tom Young

T

TomYoungAnswer

Employee

IF you used the ESPP step by step interview THEN you did pass through a page titled "Your Employee Stock Plan Results" and that's where you indicated that the compensation was reported on your W-2.

You can get there again but you can't do so by simply trying to edit your original input and then stopping when you're done. In order to get back to that page you need to get to the very end of the "Stocks, Mutual Funds, Bonds, Other" interview, not simply stop when you've finished entering or editing 1099-B information.

So start the "Stocks, Mutual Funds, Bonds, Other" interview, select Edit next to the brokers name on the page "Here's the investment sales info we have so far", select the sale to Edit and work through that interview - no need to change anything - and keep going in the interview pressing the Done button repeatedly. That will take you back to the "Your Employee Stock Plan Results"page.

Tom Young

A

amt_blues

Employee

I have a few related questions about ESPP and W2. If they had been addressed elsewhere, please point me to them.

In 2020, I plan to sell my ESPP shares purchased decades ago, and in 2021 I will report my gains using TurboTax' ESPP interview. Questions:

- Is the ESPP interview only available in the Premier version, and not in the Deluxe version?

- Is the company required to send me a W2? Or do I need to contact them about my ESPP sale? (I will need to contact them to update my new address anyway.)

- If for any reason I do not receive a W2, how should I respond to TurboTax' interview questions?

Thanks.