1099-B RSU sale was Long-Term Adjusted Realized Loss (-336.04=1324.96-1661) but TT indicates long-term capital gains of $293. Pls explain where/how the gain come from?

Forum|Forum|1 year ago
March 10, 2025
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Total loss of -336.04 was properly captured in 1099-B section but upon wrapping the wages and income session, TT premier indicates I have long-term capital gains of $293. I have no other 1099-B and don't understand where and how the gain came from. Can you please help me understand? Thank you in advance.

DavidD66

For RSU sales, if you know your cost basis, after adjusting for the amount included in your income when you received the RSUs, I recommend skipping the "company stock" section in TurboTax. When asked if it involved Company Stock, answer no. When you enter your transaction(s) do not indicate that it was RSUs. Enter the information on Form 1099-B just like you would for any other stock sale. After entering the information you will be given the opportunity to adjust your cost basis. Depending on what your broker reported as your cost basis, you will enter an adjustment so that the cost per share equals the amount that was included in box 1 of your W-2 (which is the market value of the stock on day you received it).

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