Get your taxes done using TurboTax

Hello all. I am the original poster of this subject. I've recently started to work on this again, as it's been awhile and I am honestly worried Intuit is not going to fix this.

I think I have found the problem. Someone else on another thread picked up on this, so I can't take full credit. There is a workaround, but it's LONG. For me, since my wife and I together each have a combined 35+ RSU and ESPP transactions, this will take me hours. But here's the problem.

When you enter the data via the interview process in the "step-by-step", TurboTax creates the proper forms in your tax return. But, what happens is the data doesn't flow from the step-by-step to the "forms" as it should. You can see this by entering forms view (click "forms" in the upper right hand corner). Then look for this:

This is what is created in forms from each RSU and ESPP transaction. It's under the 1099-B (broker name) section in your tax return. 

In my case, I was trying to enter an ESPP transaction. I entered all the correct information in the step-by-step mode (info from my 1099-B and form 3922). However, none of the 3922 information from the step-by-step flowed into the forms (the "Emp Stock Wks"). Since that worksheet is blank, TT computes the cost basis as $0. 

Here is what that looked like for me:

3922 entry screen:

This was actually a 26 share transaction. It mistakenly says it's 9 shares, that's part of the bug where it pulls info from the very first stock sale in your 1099-B (which was a 9 share RSU transaction for me). 

Here is what my forms view looked like after I had completely filled in all the info in the step-by-step:

As you can see, the "Emp Stock Wks" was not filled out with the information from my form 3922 for this transaction. I manually filled in the information in the forms view, and guess what - that fixed it!! (line 14. Also note line 12 was missing, the discount %)

After I did that, I went back to my step-by-step, my tax owed amount had come back up to the expected amount so I wasn't being overtaxed anymore, and I went back into that particular transaction in the step-by-step and it was all showing correct.

So, information will flow from the forms view, to the step-by-step, but not the other way around.

For all of us that have a lot of RSU and ESPP transactions (like me) this workaround will take HOURS of time, because each transaction needs painstaking adjustment in forms view. This is basically like filling out your own tax forms by hand. This is not why we bought TurboTax. However, it will fix it and get your transactions done correctly. 

My hope is this will help people fix their own taxes, and - hopefully give enough information to Intuit to show them what exactly the problem is so they will take it seriously and fix it. 

Good luck everyone.