David:
What I did was enter the corrected cost basis shown on the 1099-B from Fidelity for each of the RSU lots that were vested and distributed to me. However, turbotax asked me to add additional information regarding the vesting of those lots, which I did not enter, because it makes no sense to me how that could be relevant, when I only could sell shares that had vested and I had paid for. Additionally, when I went to my employer's web site to look for vesting, it was reporting very small quarterly numbers of shares vested which did not correlate at all to the amounts of shares being sold in my 1099-B. So I felt this had to be a blind alley, so I ignored those data fields in Turbotax. However, when I ran checker at the end, for every transaction in the 1099-B, I got the error message to state that Line 25, column (b) of the employer stock worksheet should be entered.
Where is this worksheet, how do I see it, and where do I get the data to enter?
Beyond that, these transactions were all losses, and yet Fidelity reported them to the IRS as gains, because it did not report the basis to the IRS (which it knew and reported to me). Fidelity's 1099-B also stated that it withheld substantial amounts from its distribution of the proceeds. How do I confirm whether this 1099-B that was automatically entered into Turbotax (incorrectly without reporting the basis Fidelity knew) correctly reported the substantial amounts it withheld?
I suspect it did not, because Turbotax is calculating a refund for me that is only a little more than last year's, and I had none of these transactions in the previous year. It seems to me that with all these transactions being losses, I should get a refund of all the amounts withheld, and they are substantial.
Is there a way I can talk to an expert at Turbotax to get to the bottom of this? Please?
Thank you.
