- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thank you, but this still seems rather vague.
In the step by step, Turbo Tax asks me to enter total proceeds and total cost basis from the 1099-B summary that references Form 8949. Let's say that's 280,000 and 230,000. These were fully vested restricted stock units for which I paid $0. This 50K for the sale of those restricted stock units is included in block 1 of my W2. This is supported by W2 block 12C Code V showing 50.2K - which is different than the 8949 total by a little.
How do I know what exact amount to enter in Turbo Tax under gains/losses adjustment, and what adjustment codes apply, if any? Further, what documentation do I have to prove the adjustment is accurate/valid?
Thanks again.
May 16, 2021
1:46 PM