RSU "sell" vs "sell to cover"

[vikramh]

Hi,

my question is with reference to the "Sell" option of RSUs upon vesting. I am a little more familiar with "sell to cover" but not "sell".

I instructed my employer to "sell" upon vest. They sold all (say) 100 vested shares at (say) $5/share for a total "proceeds" of $500 and reported the $500 (box 1d) on my 1099-B as noncovered security not reported to IRS. The cost basis field (1e)  is empty for this txn. I rec'd about $380 (into my bank) of the $500 and remaining held for taxes. 

Since the proceeds of $500 shows up on the 1099B, how do I report this in Turbotax. Since taxes have been paid and the $500 has been reported on my W2, can I just ignore this sale and not report it under the 1099B section of Turbotax?

thank you.

[ThomasM125]

You do need to enter the investment sale information off of the Form 1099-B in TurboTax. The cost of the shares will be what was included in your income from their vesting as reported on your W-2 form plus any additional cost to you if applicable. You will see an option to enter than when you enter your Form 1099-B in TurboTax. Choose the option that says the cost basis is incorrect or missing on my 1099-B form and then you can enter the correct cost basis: