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June 6, 2019
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I sold ESPP and a small portion is dividend reinvestments. I already reported my DIV but the tool keeps asking me for lot info on the remaining dividends sold. Help!

  • June 6, 2019
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Best answer by TomYoung

Stock purchased via dividend reinvestments, are not "ESPP" stock.  They are just plain vanilla "stocks", no different than stocks you might purchase through a broker.

I assume you're using the ESPP "guide me step by step" process.  Use that process only for the stock you did receive through the ESPP.

You can report the rest of the sale by using the standard TurboTax "fill in the boxes" 1099-B interview.

It's perfectly OK to break one sale into different sales in this fashion.  Check to be sure that the proceeds of the two sales when added together come back to the proceeds reported on the 1099-B.

Tom Young

1 reply

TomYoungAnswer
Employee
June 6, 2019

Stock purchased via dividend reinvestments, are not "ESPP" stock.  They are just plain vanilla "stocks", no different than stocks you might purchase through a broker.

I assume you're using the ESPP "guide me step by step" process.  Use that process only for the stock you did receive through the ESPP.

You can report the rest of the sale by using the standard TurboTax "fill in the boxes" 1099-B interview.

It's perfectly OK to break one sale into different sales in this fashion.  Check to be sure that the proceeds of the two sales when added together come back to the proceeds reported on the 1099-B.

Tom Young

Employee
June 6, 2019
May I ask a follow up to this? When you break apart the portion that was Dividend reinvestment from ESPP, do we also then adjust the percentage for "gross Proceeds" and "cost basis" to reflect the split, or leave it as printed on the 1099-B?