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Investors & landlords
Every year it's the same problem, and new problems, with entering RSUs in TurboTax (I used the desktop version) and have wasted days year after year (what our lovely Gov't wants its citizens doing) getting TurboTax to even be close to actual values. For the 2021 tax year, using Tom Young's workaround worked fine, which was to delete all imported or EasyStep nonsensical data and manually enter the amounts in the Capital Asset Sales Worksheet, being sure to enter the actual Cost Basis (Fidelity reports this in the Supplemental Information area instead of on form 1099-B. Fidelity, are you listening? Get customer focused and fix the Cost Basis field ... you know what values it needs b/c it's an RSU you transacted!). TurboTax for 2022 fails using Tom Young's workaround because when it checks for errors, it generates an Employee Stock Transaction Worksheet for each RSU transaction and complains that box 10 hasn't been checked. To get around this, it's necessary to Open Form, select the worksheet, check 10d Restricted Stock Units (RSU), scroll down to section Part VI and enter values for 25 (b) Number of Shares, (c) Date Vested, (d) Market Price Per Share, and (f) Fees (there's always a fee) and Number of Shares Withheld If Any. TurboTax foolishly labels (d) as Market Price. Call this Proceeds as shown on Form 1099-B to reduce confusion! Likewise, do away with the per share nonsense. And to make matters worse, 3 Selling Price (per share) truncates the 4 digit fraction to a whole integer, which really messes up the Net sales price!!! TurboTax has stupidly done this for years! The math never comes out right when you base it on price per share so stop it! Just have fields for Date Acquired, Date Sold, Proceeds, and Cost Basis and LEAVE IT AT THAT! That's all the IRS cares about, so stop pretending like your ridiculous set of calculations that NEVER get it right are somehow an ROI for your extremely expensive software, that you haven't really improved for decades.