Hi, I've reviewed similar questions but haven't found the answer I'm looking for....
I was granted 4 RSU's and 3 were sold immediately for withholdings. This transaction is reported on the 1099-B as a sell event. Those withholdings from the sell event are reflected on my paystubs/w-2 as they should be.
The 1099-B shows the shares that were automatically sold to cover as a sell event, with a $0 cost basis. (At the bottom of the 1099, it does show the "real" cost basis in a supplemental info section!)
So, I think I understand the tax scenario, my problem is how to enter this scenario into TurboTax:
1. If I enter the shares in the "Shares Withheld (Traded) to Pay Taxes" box it wont calculate properly because the sale itself "IS" the sale that was used to pay taxes/withhold. If I do enter it here I am left in a shortage of shares because it thinks some were sold AND I'm selling the shares with this sale event. Can someone please confirm that, in this scenario: Since this sale of shares "IS" the actual sale event used for withholding event itself, I should NOT enter anything in this "Shares Withheld (Traded) to Pay Taxes" box?
2. It seems I just need to manually adjust my cost basis, right? If so, how do I do this with TurboTax? The only option I see is to calculate the difference between the proceeds and the real cost, then enter that value in the "An adjustment is required for a reason not covered" section. Is that right? I'm worried that an arbitrary adjustment here would get flagged by the IRS (even though I have paystubs/transaction histories to prove the sale is the withholding event).
I'm using TurboTax Premier Desktop 2022. Thanks for any help.
