RSUs are so dang hard to figure out in Turbotax!!
We have 3 lots that were vested in 2020 and sold in 2020. I have 3 lines on our 1099-B, and a total (I cannot tell from the Etrade doc whether these were reported individually or as a summary item - the total line IS bolded though).
2 lots were sold to cover lots and sold at price A on 3/12/20
1 lot was sold at price B on 3/13/20
All 3 lots were sold at less than FMV, which was used for the W2; I recognize this becomes the basis for our shares when we sell them.
Questions:
1 - can I summarize all 3 as one sale, with an adjusted cost basis, and without going through the RSU step-by-step? The step by step is...not helpful (I seem to lose the ability to adjust the basis when I click that "Yes" in response to the question "Was this a sale of employee stock?" - whereas if I say no, I can click that the cost basis on my statement is incorrect.). I would prefer to just enter it as a normal sale, disregarding the fact that it's an RSU and lumping the 3 together, but I don't know if that's against tax regulations.
2 - given that all 3 lots were sold at less than what was on our W2, I should expect to see a loss, even for the sell-to-cover lots. True?
Thanks. Just so frustrated.
