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Gain/Loss Does Not Equal Proceeds Minus Cost Basis

I am updating some stock sales downloaded from my financial information. I've updated everything including dates acquired, sales date, cost basis and proceeds and transaction type but in the summary the Gain/Loss is not calculated correctly.  Here is an example:

Sales type RSU

Proceeds:  $4584

Cost Basis:  $4563

Gain/Loss:  $657 gain

 

This has happened for a couple of transactions and in others it is fine.  Please help me understand what is going on and how to fix it.  Also would like to find the correct form where this is listed.

 

Thank you.

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2 Replies

Gain/Loss Does Not Equal Proceeds Minus Cost Basis

Was able to continue digging and finding the Capital Assets Worksheet and see that this was a Disallowed Wash Sale.

The issue is resolved but wish they made it easier to see these details.

KeshaH
Employee Tax Expert

Gain/Loss Does Not Equal Proceeds Minus Cost Basis

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

 

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Please reply to this message with your token so that we can further assist you. Let us know all the states, if any, that are included on the return.

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