MarilynG1
Expert Alumni

Investors & landlords

@fdas3213 There are two ways to enter the sale of your RSU stock.

 

If you know the Cost Basis of the shares sold and reported on the 1099-B, just enter the 1099-B and check the box 'cost basis need to be adjusted' and fill in your correct cost basis on the next screen.  You're done. 

 

Click this link for info on How to Enter 1099-B

 

If you don't know your Cost Basis of the shares sold and reported on the 1099-B, use the Employee Stock interview in TurboTax, which is helping you to determine your Cost Basis, (the FMV on your Vesting Date).

 

You don't need to worry about 'shares sold for taxes'; this income was reported on your W-2.

 

You only need to know your Cost Basis so that the number of shares actually sold (reported on the 1099-B) has a correct Gain/Loss. 

 

If you know the FMV of a single share at Vesting Date, multiply that amount by number of shares sold, and that's the Cost Basis for your 1099-B entry.

 

Most employee stock sales only have a small gain (or small loss) to report. 

 

Click this link for more info on RSU Shares Sold

 

 

 

[Edited 4/5/2021 | 3:30 pm]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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