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:
Any suggestions?
I'm using the downloaded version of TurboTax Home and Business for Mac.
You'll need to sign in or create an account to connect with an expert.
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.
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.
Thanks, that worked!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Badjiannr
Level 2
billmaher1961
New Member
jltmit
New Member
Rojo43
Returning Member
evkossoff
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.