Thanks
@TomYoung .
There is a Supplemental Stock Plan Lot Detail Form in the 1099-B that I received from Fidelity, that has the following columns:
Grant Type (w)
Quantity
Date of Acquisition (x)
Date Sold or Disposed
Proceeds
Ordinary Income Reported (y)
Adjusted Cost or Other Basis (z)
Wash Sale Loss Disallowed
Adjusted Gain/Loss
I see 5 line items (for the past quarters) for each of these columns which shows the amount of shares I received (Quantity), Proceeds (Income I received from each transaction) and Adjusted Gain/Loss.
From tallying the numbers,
Adjusted Gain/Loss = Adjusted Cost or Other Basis (z) - Proceeds
In some cases, the Wash Sale Loss Disallowed = -(Adjusted Gain/Loss)
Are you suggesting I use the numbers from the Adjusted Cost or Other Basis (z) column into Turbo Tax?
I did try doing what you've mentioned above for one of the line items and what TT does is, shows the following:
Gross Proceeds: Proceeds
Gain/(Loss): 0
Is that correct?
