As expected, ETrade RSUs 1099-B shows 0 for my RSU sales and Adjusted cost basis in ETrade supplement shows the right cost basis (Say Proceeds = 33k, Adjusted cost basis = 30k). This is for RSU sales with Box b checked Short-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS.
During TurboTax interview,
In Review this MORGAN STANLEY CAPITAL MGMT sale:
Question:
Form 8949 generated by Turbotax shows below:
Box (d)=33k
Box (e) = 30k
Adjustment code (Box f) =B
Adjustment amount (Box g) = 0
8949 instructions say:
"If box B is checked at the top of Part I or if box E is checked at the top of Part II, enter the correct basis in column (e), and enter -0- in column (g)."
Please confirm if the following entries are ok in that case. I was a bit confused because TT entered 0 for box (e) and Adjusted Gain (Loss) from ETrade supplement in Box g. Thank you
Box (e) = 30k
Adjustment code (Box f) =B
Adjustment amount (Box g) = 0
Yes, you have reported your RSU sale correctly, and Form 8949 is correct.
Some find it less confusing to enter the RSU sale like a regular stock sale, and adjusting the cost basis.
Here's more info on Entering RSU Sales and an article on RSU's and Taxes you may find helpful.
Yes, you have reported your RSU sale correctly, and Form 8949 is correct.
Some find it less confusing to enter the RSU sale like a regular stock sale, and adjusting the cost basis.
Here's more info on Entering RSU Sales and an article on RSU's and Taxes you may find helpful.