8949 and espp adjusted basis

[ljwalters]

Just got threw filling out the 8849 with ESPP. The 1099B showed the basis as the exercised price. Not including the amount included in W2 wages.

So I filled out the 8949 with code A basis showing the put an adjustment as a negative number to lowere the gains using code B (basis shown in box 3 form 1099B incorrect.

Then under explanation of Basis if other than cost I put------difference in basis is included in W2

DID I DO this wright.

[Jill Kubiak]

That is the way I did one for United Health Group. I had been doing them long hand until this change in reporting requirements, so I worked through the worksheet to be sure and the brokerage didn't have the amount from the w-2.

[ljwalters]

Thanks Jill, I guess I'll just send it off then.