There is not option to enter QSP stocks. Where do I enter it?

Forum|Forum|2 years ago
March 31, 2024
1 reply
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I need to update stock sales info for the QSP stocks I sold. The first option I need to correct is the "What type of investment did you sell?" drop-down. However, the QSP option is not available. Is the QSP option the same as ESPP? I use TubroTax Home & Biz on desktop. Thank you.

TurboTax Home & Biz Windows

Best answer by mglauner

If you know your correct Cost Basis, you can choose 'Stock (non-employee' and enter as a regular stock sale.

If your 1099-B has an incorrect amount (or $0), just check the box to indicate that you 'my 1099-b has a missing or incorrect cost basis' , then you'll enter the correct amount a couple screens later.

The Employee choices are to help guide those who may not know the correct Cost Basis of the shares they sold.

Here's How to Enter 1099-B.

Otherwise, you could choose ESPP. Here's more details about Employee Stock Purchase Plans.

@vladc77

vladc77Author

I hope anyone can clarify. I cannot find a definite description of reporting sold QSP stocks. This type of stock is not listed in the TurboTax (desktop version) Sales Info form under the "What type of investment did you sell?" section. Please share how to report QSP stocks. Can I report it as ESPP?

This form is available in the Personal Section/Investment Income/Stocks, Cryptocurrency, Muatual Finds, Bonds, Other section. I need to correct the Cost Basis On 1099-B with Supplemental Information from data.

The options avalaible are:
ESPP
NQSO,
ISO,
RSU,
RS,
Stock (Non-employee),
Cryptocurrency
Mutual fund, index fund or ETC,
Bond,
Options