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Returning Member
posted Feb 26, 2020 10:38:41 AM

Turbo tax error when entering sale of stock that split

I keep getting an error under single purchase associated with the purchase price of a stock bought through ESOP.  The error is on the price per share and number of shares purchased.  I purchased 224 shares at $15.30 for a price of $3427.20.  The stock split so I sold 448 shares. 

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2 Replies
Expert Alumni
Feb 26, 2020 11:23:24 AM

You will have to adjust the shares purchased and the share price.  Instead of 224 shares at $15.30 for $3,427, indicate you purchased $448 shares at $7.65 per share.

New Member
Feb 15, 2021 5:55:45 PM

I found a similar error when entering an RSU sale.

 

The RSU (AAPL) was acquired pre-split, and was sold post-split (4 for 1).

 

The solution to this particular TurboTax bug is to adjust the "Market Price on Vesting Date" field to be 1/4 of the actual price (i.e., split adjust the market price by dividing it by the split amount).