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Level 1
posted Apr 12, 2022 5:30:51 AM

How to enter RSU data from 1099-B

 

Looking for guidance on how to enter this data from our broker's 2021 Tax Reporting Statement.

 

Hoping to use the "Step-by-Step" feature of TT.

 

Is there any notion of adjusting the cost basis for RSUs?

 

This is how it looks now.  Are we missing anything?

 

 

 

 

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1 Replies
Expert Alumni
Apr 12, 2022 9:38:59 AM

It looks correct based on what you have included in your post.  You can adjust cost basis if necessary.  The sales category based on the 1099-B is short-term covered. If you have other sales categories to enter, such as long-term covered (or non-covered), you can enter them the same way.  However with non-covered transactions (that is transactions where cost basis is not reported to the IRS) you will probably have to list those separately (not as a summary) as they will be reported on Form 8949.  

 

@Scott-w-reeve