What if I sold RSU at a loss? My total cost basis is calculated to be higher than the total proceeds. Can I put the numbers in Turbotax and list as Capital Loss?

I have 4 transactions of vested RSU as per 1099-B sent by E-trade. The first two trades result in losses (each cost basis is higher than proceed) and the last two trades result in gains (each cost basis is lower than proceed). However, if I add the cost basis of all 4 trades the number is higher than the total proceeds. Should I put the corresponding numbers in Turbtax and list them as Capital loss?

656

Expert Alumni

Feb 24, 2023 8:50:25 AM

No, report the transactions as separate transactions, each with their own cost basis and sales proceeds. For example, if you had one sale and that sale resulted in a loss, then enter that sale into TurboTax as one transaction with a cost basis equal to the value on the day the RSUs vested, and a corresponding sale at the sale price. Entering your transactions as separate transactions will ensure that your gains/losses are correct.

@netoria76

Level 1

Feb 24, 2023 9:11:57 PM

Thanks for the answer.

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What if I sold RSU at a loss? My total cost basis is calculated to be higher than the total proceeds. Can I put the numbers in Turbotax and list as Capital Loss?