- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks for your reply George. I agree that there is a loss on the stock. But, according to the supplemental schedule provided by Fidelity the loss they calculate is actually $2,956.33 because they say the cost is $3,557.70. When I entered the information into TT for this sale I entered the $3,557.70 cost but TT calculated the cost as $613. I assume it did this because the sale was to pay RSU taxes. So to me a stock sold for $601.37 with a cost of $3,557.70 should be a loss of $2,956.33 which is what Fidelity shows on the supplemental form. Then if the wash sale disallows the loss then I would expect the loss to be zero, not a gain of $2,944. This is the part I don't understand.
‎April 1, 2023
8:18 AM