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Get your taxes done using TurboTax
Thanks @GeorgeM777 ! However I think maybe something is missing here regarding my scenario:
Regarding these statements:
- "sold to cover transactions do not need to be reported in TurboTax"
- "the sale of the 3 RSUs to cover, you do not need to report this transaction on your return and consequently, there is nothing to enter into TurboTax"
The 3 shares that automatically "sold to cover" ARE listed on the 1099-B as a transaction and were automatically imported into TurboTax from my broker. I did not make the transaction manually. It happened automatically at vest and the proceeds were properly withheld on my W2.
To make it even more clear: I did not personally sell these shares. They were sold automatically, 100% of the sale proceeds were withheld (I've confirmed this). Even though it was fully withheld, that transaction IS showing on my 1099-B as a normal sell transaction.
With that all clear, can you please confirm that even though it's on the 1099-B as a transaction, I DO NOT need to report it as a transaction with my taxes!? If so, since the transaction imported automatically from my broker, should I delete the transaction in TurboTax?