Thanks for all the information about RSU, a topic I found particularly complex and have been reading lots of postings on the subject.
In my case, I received RSU from my employer and the broker/employer sold some of the RSUs to pay taxes which were withheld. I didn't receive cash for the sale of the shares, however they are reported as 'Quantity Sold' in the 1099-B. Following the advice in multiple postings, I entered the quantity sold in the corresponding screen, and also the quantity withheld for paying taxes (they are the same!!), as well as the $ amounts paid in federal and state taxes. The one thing I did not come across is the option of correcting the cost basis, which was automatically calculated by TurboTax Premier, and it 'almost' matched (a minor difference) the Adjusted cost basis provided by the broker.
With all that, in my case this will result in a tax refund to me both from federal and state tax, which is too good to be true. Before I e-file, I'd like to make sure this is not due to an error, but instead it's because the $ amount withheld was calculated based on the total amount of income and a cost basis of almost 0, and not the adjusted cost basis.
Could someone please confirm if this is a fair assessment? Thanks much in advance!
