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Why does correcting cost basis on stock trades covered on W2 not reduce federal tax?
I get a 1099-B covering RSU's sold to pay tax - the income is ported on W2, so until I correct the cost basis my federal tax is incorrect. In past years when I correct the cost basis Turbo Tax reduces Fed tax owed, but not this year. State tax was reduced but Fed tax was unaffected. Bug?
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March 9, 2024
2:44 PM