@TomYoung
After reading through all the responses on how to figure out my Cost Basis, I was not sure I got this exactly right. Can you please confirm for me?
The following was imported from E*Trade:
Description: LIVERAMP HOLDINGS INC COMMON STOCK 22
Date acquired: 10/01/2019
Date sold or disposed: 03/08/2019
Type of Invest Sold: RSU
Sales category: Short-term
Proceeds: $1,269.96
Cost basis: $0.00
Gain/Loss: $182.94
I got this adjusted cost basis off my E*Trade Statement for the above sale, I entered this in TurboTax as my adjustment.
Adjustment: $1,087.02
I calculated the cost bases as follows, this amount matched my statement as well.
Acquired FMV Rate: $49.41
#Shares: 22
Adjusted Cost Basis: $49.41*22= $1087.02
So on TurboTax Income & Wages Section, I see the total Gains/Loss Total of $182.94
Some of the initial amount of the RSU shares were sold to cover taxes at vest, and I acquired the remaining shares (22) on 10/1/18 ….. So, I am only taxed on the total Gains/Loss amount… is this correct?
