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Level 1
posted Jun 1, 2019 12:39:23 PM

TT wants me to account for shares sold for taxes. Info is entered in 25g of wksht. Sold 112 shares, sold 41 to cover taxes leaving 71. Wants new line for 41 shares.

0 3 340
3 Replies
Level 13
Jun 1, 2019 12:39:24 PM

There's an "Add details to your question" box on the page where you entered you question.  There's no need to cram everything into the "headline" box.

Your problem here, most likely, is that you entered "41" in the box in the interview that asks for shares sold or withheld for taxes.  The ONLY thing putting a number into this box does is REDUCE the number of shares available for sale.  It doesn't somehow register a "tax credit" somewhere in your income tax return.  That's why you're 41 shares short since you sold the entire amount of shares received. 

Try going back to that box and deleting the "41" in there.

Tom Young


Level 1
Jun 1, 2019 12:39:25 PM

Long time user, first time question asker. 🙂 I talked to TT support and based on an article from the IRS they instructed I only enter the shares sold for cash and then delete the shares sold for taxes as you also indicated. So once I changed the 112 to 71 and removed the 41, the errors were resolved and I was able to submit my return.

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Thanks for your help!

Level 13
Jun 1, 2019 12:39:27 PM

I'm not sure exactly what you were told, but I know that sometimes the TT responses aren't exactly correct.

If you got two 1099-Bs then you certainly do need to report both of those sales, otherwise the IRS will ask you about the missing 1099-B at some point.  So, if you're using the "guide me" process, (there's really no "income tax return reporting" requirement to use this interview), do enter both sales, but simply leave the "shares for taxes" box blank in both.  Since you seem to have acquired the shares via an RSU you tell TurboTax about "two" vestings, one for 41 shares and the other for 71 shares.  That way the compensation that shows up on "Your Employee Stock Plan Results" page will be correct.