My husband receives RSUs from his company. In 2020, we sold more of that stock than we normally do. When I was filing our taxes, I came upon the question/flags about entering my Adjusted Cost Basis for each sale. I do not ever recall getting this prompt in the past.
I pulled out the ETrade records and started entering the Adjusted Cost Basis (the Cost Basis had been recorded as $0.00. With each entry, my liability decreased dramatically. When I was done, I owed 79% less than when I started. In an excited panic, I hurried to purchase the larger TT support package. And then I just filed-- which meant that I am no longer eligible for the help I had just paid for. So here I am-- asking the community-- did I totally screw up or did I do it correctly?
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Probably best if you provided additional information / clarifications:
Hi Rick,
Thank you for replying!
Here is more information:
I'm not sure if this detail is useful, but the numbers in these 2 columns matched: Adjustment Amount (Ordinary Income) & Adjusted Cost Basis.
I appreciate any more feedback that you have and am fully aware that the feedback is anecdotal and not professional consultation.
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