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Level 2

Question

Adjusted cost basis not getting updated on summary page.

Forum|Forum|7 years ago
June 6, 2019
5 replies
26 views

the cost basis imported from brokerage needs to be adjusted and so I use guide step by step, it does calculate correct/expected cost basis based on RSU release information, but at the end when I hit continue, it goes back to original imported cost basis and nothing is updated.

TurboTax Premier Online

Alumni - Champ

I think you are being fooled by some very confusing pages that the developers walk you through after you correct your basis where it looks like your work has been ignored. If you follow the trade all the way through your Form 8949 I think you'll see that the trade is being properly reported.

I don't understand why the developers chose to do this.

Tom Young

Samra1Author

Level 2

no the estimated tax does NOT change. i think this is a bug TT should fix - do not see a way around. also was not seen in previous years.