How to calculate my cost basis for 1099B RSUs
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Level 2

How to calculate my cost basis for 1099B RSUs

@TomYoung 

 

After reading through all the responses on how to figure out my Cost Basis, I was not sure I got this exactly right.  Can you please confirm for me?

The following was imported from E*Trade:

Description:  LIVERAMP HOLDINGS INC COMMON STOCK 22      

Date acquired:                  10/01/2019

Date sold or disposed:   03/08/2019

Type of Invest Sold:        RSU

Sales category:                 Short-term

Proceeds:                           $1,269.96

Cost basis:                         $0.00

Gain/Loss:                         $182.94

 

I got this adjusted cost basis off my E*Trade Statement for the above sale, I entered this in TurboTax as my adjustment.  

Adjustment:                      $1,087.02

 

I calculated the cost bases as follows, this amount matched my statement as well.

Acquired FMV Rate:        $49.41

#Shares:                             22

Adjusted Cost Basis:        $49.41*22= $1087.02

 

So on TurboTax Income & Wages Section, I see the total Gains/Loss Total of $182.94

Some of the initial amount of the RSU shares were sold to cover taxes at vest, and I acquired the remaining shares (22) on 10/1/18 ….. So, I am only taxed on the total Gains/Loss amount… is this correct?

4 Replies
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New Member

How to calculate my cost basis for 1099B RSUs

This looks correct and how I've done it for years.  You've already paid taxes at vest (sell shares to cover).  So now you're only playing taxes on any gains that happened on the remaining shares between when they vested and you sold them ($182.94 in this case)

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Level 2

How to calculate my cost basis for 1099B RSUs

Ok, thank you for confirming.   So that money I got from the sale, where is that money reported as income?

Sorry this is all confusing to me.

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Level 12

How to calculate my cost basis for 1099B RSUs

@aprcox20

Other than one or the other of your dates being wrong - date acquired should be before date of sale - this all looks correct to me.

You'll enter the sale using the "Stocks, Mutual Funds, Bonds, Other" interview.  No need to use the RSU "guided" interview here, you have all the information you need.

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Level 2

How to calculate my cost basis for 1099B RSUs

Thank you Tom!  Yes, the Acquired Date should have been 10/1/2018.... great catch!

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