This year i noticed that when turbotax imported my from etrade, i'm having to go back and provide more detail of ESPP and RSU. When i go to etrade, it's telling me for my RSU i have acquisition cost of 0 but i have adjusted cost of $7k. I have a gain of $350 but I have adjusted gain of $75. I'm guessing what happened was when the RSU vested, 10% was already sold to pay the feds. So my tax liability would be the amount the stock grew during the time period after they vested and before i sold. grant date price was $63. FMV was $72.50 and when i sold the stock it was $72. So in theory i should have a net loss correct? So in the case of RSU i'm guessing i should go with adjusted cost.
Now the next question is what do i do about ESPP.
Grant date was $68 FMV, Purchase price was $57. and I sold for $72. Turbotax imported acquisition cost $1400 but adjusted cost is $1600. Gains as $150 but adjusted is only $35. Anyone know which one is the correct one to use i would def be very very appreciative 🙂
