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smquinn13
Returning Member

Turbo tax is not calculating my cost basis for RSU accurately

I have several different items to enter in from my 1099 B for RSU sale. Restricted stock was released four times during the year. I have supplemental info that shows adjusted cost basis for each of the four sales. When I enter in the information from the Employee Stock Release forms the adjusted cost basis is reflected accurately for two of the sales and not the other other two. How do I adjust this? Is there an easier way?

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2 Replies
mrkl
Returning Member

Turbo tax is not calculating my cost basis for RSU accurately

I have the same issue. I have 3 RSU transactions. 2 of them have Cost Basis accurately calculated. One doesn't.

 

The one with the error has 3 RSU's vested. 2 Sold for taxes. TurboTax calculates cost basis as if just one share sold.  If I set the number of shares vested to 4 or higher. The calculation works as expected. But I don't know if that is a safe workaround.

 

I have spoken to multiple Intuit people. They can't explain it and do not care. Refund is the only option if you don't like it or can't figure out a workaround for their bug. Last time I'm using TurboTax. Have RSU  issues like this every year and they never get fixed.

smquinn13
Returning Member

Turbo tax is not calculating my cost basis for RSU accurately

I ended up being able to fix this once I ran the smart check. For some reason it kept saying I had an error on those stocks where I only had one share and sold it to cover my taxes. In the smart check it took me directly to the form. On the actual form there was a column that said "stock withholding" And the number one for the amount of shares. Once  I removed that 1.0 stock withholding it added up correctly. Then it took me to that error for the second stock that I only had one share and sold one to cover taxes and I did the same thing with the same result. I don't know if I'm explaining this well because this is all new to me.  But once I took that out of the withholding column everything looked like it was supposed to. I hope that helps! 

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