turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to manually adjust RSU cost basis due to wash sale

I sold RSUs at multiple times last year and accidentally triggered a wash sale. My broker said to add the amount of the disallowed loss to the cost basis for the remaining shares, which I sold later that year. 

 

Where do I adjust the cost basis for the RSUs in TurboTax? This is what I've tried so far:

  • I added the correct cost basis for box 1e (on the Sale #6 of 7 page), but it's not reflected in the final cost basis on the Your Restricted Stock Unit Sales Results page. That cost basis seems to be calculated from the Market Price on Vesting Date field on the Vesting (or Release) Information page.  
  • I tried updating the Price You Paid per Share on the Vesting (or Release) Information page, but that also didn't adjust the final cost basis.

Any suggestions? 

I'm using the downloaded version of TurboTax Home and Business for Mac. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DavidD66
Expert Alumni

How to manually adjust RSU cost basis due to wash sale

For RSUs, I recommend not checking the box that for "Company Stock"  RSUs are relatively simple.  The value of an RSU on the date it vests is ordinary income and is included in Box 1 of your W-2.  That is also the cost basis of the RSUs if you don't sell when delivered.  If you just enter the sales transactions, and then adjust the cost basis for the shares that triggered the Wash sale you won't have to worry about the Restricted Stock Unit Sales Results Page, etc.   

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
DavidD66
Expert Alumni

How to manually adjust RSU cost basis due to wash sale

For RSUs, I recommend not checking the box that for "Company Stock"  RSUs are relatively simple.  The value of an RSU on the date it vests is ordinary income and is included in Box 1 of your W-2.  That is also the cost basis of the RSUs if you don't sell when delivered.  If you just enter the sales transactions, and then adjust the cost basis for the shares that triggered the Wash sale you won't have to worry about the Restricted Stock Unit Sales Results Page, etc.   

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How to manually adjust RSU cost basis due to wash sale

Thanks, that worked!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies