Investors & landlords

Thanks! 

I actually wound up calling my HR department and long story short, Fidelity wound up talking to me and basically said the same thing in that my cost basis was wrong. It took me over an hour to figure out how to get to the right place, but it worked out.


With my plan, they have an adjusted cost basis (as a courtesy I believe) so that when you sell to cover, you don’t wind up having to pay taxes twice.

 

It seems I entered the real cost basis and not the adjusted which is why TurboTax calculated the way they did. So lesson learned. I didn’t understand the instructions in relation to TurboTax. 

To anyone else who sees this and has the same issue, I suggest considering calling your broker/servicer and seeing if you need to enter the cost basis differently.