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Get your taxes done using TurboTax
Ok, many thanks! The 3 shares were definitely sold to pay taxes automatically by the company ("sell-to-cover taxes"). So, per your recommendation, should I definitely set "Shares withheld (traded) to pay taxes" to 0, even though 3 were sold to pay for taxes?
The company is a normal public company, not private or anything out of the ordinary. If yes, TT has very bad wording in the UI for this as the 3 shares were indeed "traded to pay taxes" because they were "sold to pay taxes".
Very confused here because 3 shares were sold to pay the taxes by the company. Can you confirm the settings for the 3 shares?
And, what should the "cost basis" be (the 1099-B states it is $0 in box 1e, but TT seems to calculate it and set it as $1,093.06). Thanks!
March 8, 2023
12:49 PM