As expected, ETrade RSUs 1099-B shows 0 for my RSU sales and Adjusted cost basis in ETrade supplement shows the right cost basis (Say Proceeds = 33k, Adjusted cost basis = 30k). This is for RSU sales with Box b checked Short-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS.
During TurboTax interview,
In Review this MORGAN STANLEY CAPITAL MGMT sale:
- I kept Box 1 e - Cost or other basis =0
- Selected box "The cost basis is incorrect or missing on my 1099-B
- In the next screen "Let's get some purchase info about this RSU sale" , I entered the following values from the ETrade Release confirmation :
- Total shared vested/releases : 384
- Shared withheld = 133
- Date vested/released = 11/10/2023
- Market Price= $122
Question:
Form 8949 generated by Turbotax shows below:
Box (d)=33k
Box (e) = 30k
Adjustment code (Box f) =B
Adjustment amount (Box g) = 0
8949 instructions say:
"If box B is checked at the top of Part I or if box E is checked at the top of Part II, enter the correct basis in column (e), and enter -0- in column (g)."
Please confirm if the following entries are ok in that case. I was a bit confused because TT entered 0 for box (e) and Adjusted Gain (Loss) from ETrade supplement in Box g. Thank you
Box (e) = 30k
Adjustment code (Box f) =B
Adjustment amount (Box g) = 0
