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RSU Cost Basis Quandary
In the past when I've had Turbotax upload my 1099-B it will input my RSUs as having a cost basis of zero which is expected. However, this year after I've gone back and manually entered my cost basis in box 1e it doesn't change the taxes I owe. Prior to making the change to box 1e Turbotax considers my all RSUs as taxable gains so when I enter the cost basis I'd expect my taxes owed to go down but it didn't at all this year. I should also mention when my RSUs vest they withhold shares to cover taxes. Any ideas why I'm not seeing my taxes owned go down?
Thanks in advance.
Dan
Topics:
‎February 28, 2022
2:44 PM