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idahoal
Returning Member

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
DavidD66
Expert Alumni

Turbo tax error when entering sale of stock that split

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.

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Turbo tax error when entering sale of stock that split

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).

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