I have a 1099-B. I have RSU's that "sold to cover" over 13 different vesting dates and I held onto the remainder for over a year. After a year I sold the cumulative of all 13 grants in 1 transaction. Cost basis wasn't provided on the 1099-B so I used the assistant interview. I entered the total shares, the sold date and then added each group of shares with their respective vesting date and market price on the vesting date, as well as the amount you paid in commissions if there was any. My problem is it won't accept zero for the shares sold to cover taxes as those sold to cover were in a previous tax year. I was told I could enter .001 for shares sold to cover for each group but that doesn't sound right. I'm questioning if I'm doing it right. How can I get around this problem? Any help would be appreciated.
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You can get around it by entering a single transaction without going through the employer stock questions and entries. When asked if your sale involved employer stock, answer no. There is no additional reported required because your shares were acquired from RSUs. Your cost basis for your RSUs is the same amount (per share) that was added to your income and reported on your W-2. Calculate your cost basis and enter a single transaction. For acquisition/purchase date use "Various".
Thank you for the response, unfortunately, I cannot determine the RSU on my W2. They add in everything into box 1 and don't reference or itemize it in box 14 or any other box.
Would I be able to take the cost basis that it calculated and delete the individual entries and when it asks "if I know my cost basis" select yes and enter that calculated amount instead?
Yes, you can do as you suggest. As long as you enter the correct cost basis, sale amount and the correct acquisition and sale dates you will be in compliance. Assuming you paid nothing for the stock shares, the cost basis of each share would be the fair market value of the stock on the day they vested plus any additional amounts you paid for commissions or the like. Multiply that by the number of shares sold and you will have your cost basis to report for the sale.
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