RSU cost basis issue

[seattlemary]

We have used Turbo Tax for years but this year it seems to not be correctly accounting for RSU cost basis. Fidelity reports cost basis only in the supplemental info section of the 1099-b so I need to manually enter cost basis.  But this year I’m finding that after manually entering cost basis, my tax liability is not going down.  It doesn’t seem to matter if I import my 1099-b from Fidelity and set cost basis or enter all of the 1099-b transactions completely manually in TurboTax.  I assume it’s a TurboTax issue but not sure how to resolve.  Anybody else seeing this issue in TurboTax this year?  Or Fidelity and TurboTax users who got the right cost basis and can offer any pointers?

[BrittanyS]

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:

TurboTax Online:

1. Sign into your online account.
2. Locate the Tax Tools on the left-hand side of the screen.
3. A drop-down will appear. Select Tools
4. On the pop-up screen, click on “Share my file with agent.”
5. This will generate a message that a diagnostic file gets sanitized and transmitted to us.
6. Please provide the Token Number that was generated in the response.

TurboTax Desktop/Download Versions:

1. Open your return.
2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
3. This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us.
4. Please provide the Token Number (including the dash) that was generated in the response.

*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)

[seattlemary]

Just sent a diagnostic file.  Should I post the Token # here?

[ThomasM125]

It could be that your net capital loss is over $3,000 for the year so you can't deduct additional losses. You can look at your Form 1040, line 7 to see if it reads $3,000, if so you can't deduct further losses this year.

To view your form 1040 and schedule 1 to 3:

1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
2. Choose Tools
3. Choose View Tax Summary
4. See the Preview my 1040 option in the left menu bar and click on it
5. Choose the Back option in the left menu bar when you are done