For advice on your personal financial situation, please consult a tax advisor. Stock plan transaction examples. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Learn more. Do I need to enter ESPP transactions in TurboTax? In this situation, you sell your ESPP shares within one year or less after purchasing them. Would you please share the steps to just update the cost basis for ESPP and RSUs? Supporting documentation for any claims will be provided upon request. From within your TaxACT return (Online or Desktop), click on the Federal Q&A tab, Click Investment Income to expand the category and then click Gain or loss on sale of investments, Click Add to create a new copy of the form or click Review to review a form already created. I found the "Stock Plan Transaction Supplement" that has a column that says "adjusted cost basis" of $19,900. Yes, you will need to update the cost basis for your stock sale. Benefit plans differ in terms and guidelines for receiving stock units. *Following a partial transfer, customers with a remaining account balance of greater than $5,000 will not be charged the partial transfer fee. Service charges apply for trades placed through a broker ($25). Some plans award the stock to you at no cost, in which case your acquisition cost is $0. Offer limitations:Offer valid for E*TRADE Securities brokerage, Coverdell, and the following types of E*TRADE retirement accounts: Traditional IRA, Individual 401(k), Roth Individual 401(k), Roth IRA, Rollover IRA, Beneficiary Roth IRA, and Beneficiary Traditional IRA. The simplified ESPP mode will only show your cost basis, the total tax you owe, plus your gain or loss. All Right Reserved. If you get a larger refund or smaller tax due from another tax preparer, we'll refund the applicable TurboTax Live Full Service federal and/or state purchase price paid. Transaction fees, fund expenses, and service fees may apply. The fee, calculated as stated above, only applies to the sale of equities, options, and ETF securities and will be displayed on your trade confirmation.