RSU sell-to-cover same release but with different selling prices turbotax showed errors

[wei0313]

Hi

In 2022, I didn't sell any of my RSU and they are vested quarterly with a fixed amount, say 200. The transactions I received were the transactions for sell-to-cover taxes. However, in some quarters, eTrade had same-day transactions but sold at different times with different prices. 

For example

Feb 1, 2022

         244 shares released
Feb 2, 2022 

         sold 124 @ 60.01

         sold   3 @ 60.50

eTrade sold total of 127 shares to cover tax. 

How should I input this to TurboTax? 

I followed the steps, and
I put in the 124sh XXX stock transaction that 244 released, 124 shares to pay taxes, market price: 60.01, date: 02/01/2022.
Then,
I put in the 3sh XXX stock transaction that 244 released, 3 shares to pay taxes, market price: 60.50, date: 02/01/2022.

However, I kept getting errors of 120 of 124 has been accounted for need info for 4 shares. I don't understand why and what went wrong. I also tried to deduct the number e.g. 

for the 124sh XXX stock transaction that 244 released, 124 shares to pay taxes, market price: 60.01, date: 02/01/2022.

for the 3sh XXX stock transaction that 120 released (bc 244-124), 3 shares to pay taxes, market price: 60.50, date: 02/01/2022.

However, I still got the same error. 

What is the best way to handle such RSU sell-to-cover in multiple transactions? 

Thanks

[DavidD66]

RSUs are pretty straight forward; therefore, I recommend you enter your transactions without indicating you are reporting the sale of company stock.  When RSUs vest (the stock is delivered) the entire amount is ordinary income.  Your employer must collect payroll taxes, or sell shares to pay it.  Since you are taxed on the entire amount, you basis is the amount that is added to your W-2 which you are taxed on.  If you retain the stock, any gains on the sale will be short term if you hold the stock one year or less, and long term if you hold it more than one year.

You will have two transactions.  The cost basis (per share) and acquisition date will be the same for both transactions, and they will both be short term.  The proceeds and sales date will be whatever is reported on the 1099-B.