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July 10, 2022
Question

Not able to fill form 1099-B correctly in turbo tax

  • July 10, 2022
  • 1 reply
  • 0 views

I have been using turbo tax for many years and filling form 1099-B. In 2021, I received a RSU with 1 share and that 1 share was sold to pay taxes. My 1099-B form from boxer shows capital loss of $0.02 which is correct but when I enter this form in turbo tax by citing that its RSU and filling the entries it shows me capital gain of $3.6K which is incorrect. The issue is only if you are reporting 1 share that was vested and sold to cover taxes. I am able to enter correctly for all other RSUs where I got vested shares more than 1. Please advise how to proceed.

    1 reply

    Critter-3
    July 10, 2022

    Easy .... stop trying to enter it as an RSU ... simply enter is as a regular stock sale since you have all the info needed for the entry. 

    July 10, 2022

    Thanks, this was helpful and it worked.