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roger_winget
Returning Member

Bad Math in RSU Calculation

I had 14 shares of an RSU vest in February 22. I elected to sell all shares and withhold appropriate taxes. All this is reflected on my W-2 (included in Line 1, but also line 14 as RS), but I need to enter my 1099-B as well.

 

Net sale price $2562.00 (in truth, my brokerage shows $2,561.58)

The basis per share shows $189.85

Number of shares sold  X 14.00 = $2571.57

Short Term Loss: -$9.57

 

If I multiply 14.00 by $189.85, I end up with $2,657.90. This should show a Short Term loss of $95.90

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2 Replies

Bad Math in RSU Calculation

I am confused (and I guess you are as well!!)

 

You had 14 shares with a cost basis of  $189.85 per share or $2657.90

The sales proceeds for 14 shares are $182.97 per share  or $2561.58 (which ties to the brokerage statement) 

 

the difference is a loss of $96.32

 

the two numbers in bold are both the sales proceeds- that isn't correct.  In fact, where are you even getting the 2nd bolded line from??? 

 

Net sale price $2562.00 (in truth, my brokerage shows $2,561.58)

The basis per share shows $189.85

Number of shares sold  X 14.00 = $2571.57

Short Term Loss: -$9.57

 

 

roger_winget
Returning Member

Bad Math in RSU Calculation

I received RSUs when my company was acquired by another. On 2/22, 14 shares vested. I elected for all shares to be sold and part of the proceeds be used to pay taxes (other options were "sell to cover" wherein only enough shares needed to pay taxes would have been sold OR to not sell any shares and I would send the brokerage money to cover the taxes). The brokerage charges $4.95 per transaction. It took 2 days for the brokerage to sell my shares. The 2 bolded numbers represent the value of these 14 shares on 2/22 (acquired) and 2/24 (sold).

 

My cost basis (including $4.95 transaction fee) was $189.85 per share ($2,657.90 was included with my salary on my W-2), but TurboTax's confirmation screen shows cost basis per share ($189.85) multiplied by number of shares sold (14)  = $2571.57.

 

I am confused on why TurboTax would think that $189.85 * 14 = $2571.57.

 

After straightening this sale out, I have enter the other times RSUs vested and were sold (same situation).

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