Need Help with RSU sale reporting

[sanjay92]

Hi,

Need help in reporting RSU. Since there are many entries, I don't want to do one by one so using to enter summary.

I have 1099-B and there is supplemental info as well.

I am reporting as Summary

Total Proceeds ( Sum of all 1d)

Total Cost Basis ( sum of all 1e) ( I can see this in Supplemental but that is not 1e column)

I see this under Supplemental " Adjusted Cost or Other Basis (z)"

In my supplemental, I have Short-Term Adjusted Realized Gain and Short-Term Adjusted Realized Loss and similarly in Long Term case as well

Where do I enter Short-Term Adjusted Realized Loss  and 

Long-Term Adjusted Realized Loss.

I see one check box ( I need to enter amount from box 1f / 1g or other adjustments ) but then it asks for List all adjustment codes which I don't see in my 1099 Form.

Thanks for your help.

[GeorgeM777]

The adjustments you need to enter, whether they relate to short-term losses or long-term losses, get entered in the field Total adjustments to gain (or loss).  Thus, when you report your gains/losses as a summary, report what is on your 1099-B, and then enter the amount in the Total adjustment box based on what you are seeing in your Supplemental document.  

Regarding the codes, in TurboTax online, each code is explained and you select the one that applies to the adjustment you are making.  For example, if you are adjusting your loss as reported on your 1099-B to match what is on your Supplemental document, then you may likely be adjusting your original cost basis.  Code B is the code that relates to an adjustment in cost basis.  TurboTax CD/download does not provide a descriptive list for each code.  However, in the IRS instructions for Form 8949, you will find a list of codes and what each code means.  Here is a link to the IRS instructions for Form 8949.  The list of codes and definitions begins on page 8. 

IRS Instructions for Form 8949, Sales and Other Dispositions of Capital Assets

Because it appears you are making various adjustments to what was previously reported to the IRS, you may have to mail in your Form 1099-B.  You can still report your RSU transactions as a summary; however, avoiding having to mail in Form 1099-B may not be an option.  If that happens, you might consider reporting the RSUs that don't require an adjustment, and then reporting one-by-one the others that do require an adjustment.  If the number is still too large, then you may have no choice about mailing in Form 1099-B after you e-file your return. 

@sanjay92