Return to the Household Finances Forum | Post a Follow-Up

 o
Question about entering ESPP into TurboTax

Posted by katy_bug (My Page) on
Tue, Feb 5, 08 at 9:07

In my situation, my company allows us to contribute to an ESPP and they match 50 cents on the dollar. The contribution is immediately used to purchase stock at the current market value.
For example:
On 1/15/07 I contribute $100 to my ESPP
On 1/16/07 my company purchases $150 if stock in my name at the current market value; lets say $50 per share. This happens every paycheck. I recently sold some of these shares and I am having trouble entering it into TurboTax.

In TurboTax:
Number of shares - 3
Purchase date - 1/16/07
Market price on purchase date - $50.00
Date offering period began - ???
Market price on date offering period began - ???
Purchase commission - 0

Is the date offering period the same as the purchase date and the market price the same?

Does the fact that my company matches 50 cents on the dollar count as a discount?

Also - It automatically reinvests the dividends. Do I enter these as lots purchased because it asks about dividends later in the program?


Follow-Up Postings:

 o
RE: Question about entering ESPP into TurboTax

I don't know the answers to your questions, but wanted to suggest that you check out the Quicken support forums. (Click "help" from within Quicken and go to online support.) They talk about all sorts of detailed stuff there, and I'll bet you could find an answer.


 o
RE: Question about entering ESPP into TurboTax

I tried that - but the help information is very minimal and they charge you $30 to answer a specific question. Anyways . . . I figured it out and my taxes are on the way. Thanks anyway!


 o
RE: Question about entering ESPP into TurboTax

In case you need it in the future, I was talking about the Quicken user forums, which are free, though you have to register.

Here is a link that might be useful: Quicken Community Forums


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Household Finances Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here