A portion of my RSU's are sold as soon as they are released to cover the taxes, but still appear on the 1099-B from Etrade. Do I need to list these with zero gain?

I understand how to report the shares that I received in my account and sold at my discretion. My question is about the shares sold to cover taxes. I can delete the shares sold for taxes or leave them and show zero gain above the proceeds reported to the IRS on my W2. Which should I do?

411

New Member

Jun 1, 2019 1:57:55 AM

I was in the same boat and was wondering how I could change my Cost Basis in Turbo Tax to say I made no Gain by selling those shares (to cover for taxes). I was able to enter the "Corrected Cost Basis" which is on a Supplemental Page on my 1099-B and enter that instead of 0.

Use this thread to understand the steps to be taken:
https://ttlc.intuit.com/questions/4645990-i-got-rsu-s-after-deducting-taxes-total-income-on-my-w-2-s...

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A portion of my RSU's are sold as soon as they are released to cover the taxes, but still appear on the 1099-B from Etrade. Do I need to list these with zero gain?