See different behavior in premier 2017 rsu calc vs 2016.
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I assume by your statement, "See different behavior in premier 2017 rsu calc vs 2016", what you are referring to here is TurboTax's RSU step-by-step interview.
Although it's been TurboTax's practice to change the "Stocks, Mutual Funds, Bonds, Other" interview EVERY SINGLE YEAR - sowing confusion among users - it seemed that this year TurboTax didn't change a thing in this area from 2016 to 2017. Just to be sure I fired up 2016 TT and 2017 TT and did a side-by-side "test" sale of some stock acquired via an RSU. I can confirm that as far as the RSU step-by-step interview is concerned, TurboTax changed nothing in this interview from last year.
I answer lots of questions in here about stock sales, particularly stock sales of employer stock. My general recommendation is to not use the RSU step by step interview. There's no "income tax reporting" reason to do so in the sense that you need to tell the IRS "this stock was acquired via an RSU."
I assume what's happened here is that you've received a 1099-B for this sale of stock "for taxes". My recommendation it to simply report it as a sale of plain-vanilla "stock", correcting the basis of the stock which almost certainly is being reported on the 1099-B as $0. Enter the 1099-B and then correct the basis. Click on the "I'll enter additional info on my own" blue button. On the next page enter the correct basis in the "Corrected cost basis" box. The correct basis is (number of shares sold) x (correct per share basis, which included the compensation per share)
TurboTax will report the sale on Form 8949 "as reported by the broker" but will put an adjustment figure into column (g) of the Form, a code "B" into column (f) of the Form, and the correct amount of gain or loss which includes the adjustment.
Tom Young
NOTE: TURBOTAX CHANGES THE SECURITY SALES INTERVIEW JUST ABOUT EVERY SINGLE YEAR. THE INSTRUCTIONS ON "HOW TO FIX" THE BASIS REFLECT THE STATE OF THE INTERVIEW FOR TAX YEARS 2016 AND 2017.
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