I have a question about entering a 1099-B in TurboTax, for a company stock sale associated with a 401k NUA transfer.
Background
- I rolled 1000 shares into a brokerage account on 11/24/24
- The 401k cost basis for the shares was $28, so I paid ordinary income tax on the $28,000 gain
- The market value of the shares on 11/24/24 was $414, so the NUA spread is $386/share
- I sold 200 of those shares on 6/11/25 for $475/share
I was told by Fidelity if I sell shares at a gain within 1 year (before 11/24/25), the gain between $28 and $414 will be taxed as LTCG, and above $414 will be taxed as STCG. And after 1 year all sales will be taxed at LTCG.
So I assumed taxes on the $95,000 6/11/25 sale would tax $77,200 (200 * $386) as LTCG, and $12,200 (200 * $61) as STCG.
Question
How do I enter a tiered/split cost basis in TurboTax if the 1099-B is showing the entire $89,400 gain as STCG?
NOTE: I'm using TT Premier Desktop/Windows, NOT TT Online. The TT Community web app doesn't reflect this correctly.
