Report those trades in the Investments section under Stocks, Mutual Funds, Other.
This method will guide you through the process of entering your transactions:
1. On the screen Tell us about your 1099-B, click that blue box that says Guide Me Step By Step.
2. On Tell us about your situation, click I Have Sales From An Employee Stock Plan, Including ESPP, etc.
3. On What type of employee stock plan was this sale from? click the appropriate choice.
4.On Enter Your Sale Information, enter the info from the 1099-B.
5. Continue through the screens, answering if you received the stock in one or more than one grant lots.
6. Enter your vesting information.
7. On the screen Does Your Cost Basis Match Your 1099-B Statement? look at the basis that TurboTax has computed based on your vesting information entries.
8. Your Sale Results should then be correct, giving you the correct basis.
A simpler method would be: instead of Guide Me Step By Step, enter your 1099-B as it appears and choose I'll Enter Additional Info On My Own , then enter what you know to be the cost basis in Corrected Cost Basis for this sale.
But it would be a good idea to go through the steps and click on all of the "Learn More" links to familiarize yourself with the process. Especially if you have a situation where shares were sold to cover the tax on RSUs. There really is a lot of valuable information right in the program.
Report those trades in the Investments section under Stocks, Mutual Funds, Other.
This method will guide you through the process of entering your transactions:
1. On the screen Tell us about your 1099-B, click that blue box that says Guide Me Step By Step.
2. On Tell us about your situation, click I Have Sales From An Employee Stock Plan, Including ESPP, etc.
3. On What type of employee stock plan was this sale from? click the appropriate choice.
4.On Enter Your Sale Information, enter the info from the 1099-B.
5. Continue through the screens, answering if you received the stock in one or more than one grant lots.
6. Enter your vesting information.
7. On the screen Does Your Cost Basis Match Your 1099-B Statement? look at the basis that TurboTax has computed based on your vesting information entries.
8. Your Sale Results should then be correct, giving you the correct basis.
A simpler method would be: instead of Guide Me Step By Step, enter your 1099-B as it appears and choose I'll Enter Additional Info On My Own , then enter what you know to be the cost basis in Corrected Cost Basis for this sale.
But it would be a good idea to go through the steps and click on all of the "Learn More" links to familiarize yourself with the process. Especially if you have a situation where shares were sold to cover the tax on RSUs. There really is a lot of valuable information right in the program.
Isabella - I have a question on #6 - Enter your vesting information.
If I had a single sale that involved multiple grants which were acquired on different days AND the stock for those grants vested across multiple days, how should that be entered on the "Enter Vesting (or Release) Information" screen?
@jmartin3rd You may be able to get info like Vesting Dates/FMV for each lot from your holding broker's website (like Compuserve, for example) if you want to break it down.
Another alternative is just to enter your 1099-B as a regular Stock Sale, and change the Cost Basis (amount of income from W-2), without using the Employee Stock interview.
Indicate 'Date Acquired' as 'Various'.
Click this link for more info on How to Enter 1099-B.