Thank RaifH, excellent response! I have a slightly different problem, wanted to keep on a 2022 forum topic, as product behavior keeps changing. This is related & I dont know how to create a new topic so:
I was able to enter in the cost basis no prob (thank you Intuit!), but saw if the cost basis is greater than proceeds, in guided entry it pushes the cost basis back down to the same as proceeds. ...Maybe workaround by entering into the form directly? Nope, later during the "federal check" I came up with an error for each sale where the cost basis was higher than the proceeds. As you know that can be typical for immediate sell-to-cover, due to commissions / transaction fees -- this rationale for slightly higher cost basis is even in the turbotax help screens! (I guess the developers don't talk with the doc team enough.) It's not a huge amount of course, so I can just make the cost basis = sale price, but it is annoying to pay extra to end up with this kind of sloppiness.
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Non sequitur: I was more seriously annoyed the time wastage due to the fact that even though you MUST enter the "cost basis" ( since it is often incorrect in the 1099), and even though you must enter or confirm the proceeds (which is in the W2), you MUST NOT enter the "tax withheld" (which is also in the W2). NOT intuitive (pun intended)! So after making sure I did not double-count my gains (of course), I saw my "tax due" status was seeming too low, and after poring over the forms, realized I ended up double-counting my RSU withholding! ...But only the RSU's (not other instruments). It really would not be too much trouble for them to just have a checkbox that says "These withholdings are in my W2", you know, to make it unambiguous & prevent double-counting -- but simplifying seems to be a secondary goal with Intuit. (This year I had to examine the schedule D & worksheets in detail to find the problem. Sheesh I could have done the whole thing quicker by hand.) Had to just send off my estimate with an extension b/c it was just too messy to do in time. (Yes I should have started earlier!)
>> OK that is the end of my rant, thanks for listening! <<
