I opted for ESPP stock options in my previous company. The plan offered 10% discount on market value. When I opted for the plan the company created a etrade.com account on my behalf and I could see stocks credited quarterly for deductions made through my paycheck.
Question is on this particular transaction
- Date Acquired: 03/31/2018
- Capital Gains: Long-Term
- Type: ESPP
- Purchase Price: $63.86
- Purchase Quantity: 68
- Discount Percent: 10%
- Grant Date FMV: $70.95
- Expected Disposition Type: Disqualifying Disposition
Current market price of the stock is $73.81
How should I calculate my profit?
Etrade also shows
- Purchase Date FMV: $80.50 Est
- Cost Basis(per share): $80.50
- Net Gain/Loss: -$6.69
How did they arrive at net loss though the price has increased and it is a long term capital gain?